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HSBC Allows Customers to Buy and Sell Bitcoin and Ethereum ETFs in Hong Kong, Expanding Local Users' Exposure to Cryptocurrencies

June 26 (Cointime) - HSBC, the largest bank in Hong Kong, has become the first bank in the region to allow its customers to buy and sell Bitcoin and Ethereum exchange-traded funds (ETFs) listed on the Hong Kong exchange. The move is expected to expand local users' exposure to cryptocurrencies in Hong Kong.

In addition, HSBC has launched the Virtual Asset Investor Education Centre, which requires investors to read and confirm educational materials and risk disclosures before investing in any virtual asset-related products through HSBC's mobile banking app and online banking. Hong Kong regulators have been pressuring banks to work with local crypto firms, and it seems that they have succeeded in convincing major banks like HSBC to serve their crypto customers.

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