HSBC Initiates Cryptocurrency Trading for Individual Investors in Hong Kong

Hong Kong’s largest bank, HSBC, restarted cryptocurrency trading for individual investors on June 1st, lifting the previous ban. The bank will mediate its customers’ transactions in Bitcoin and Ethereum exchange-traded funds (ETFs) listed on the Hong Kong stock exchange, becoming the first bank in Hong Kong to provide such a service. Increasing Exposure to Cryptocurrencies As reported by blockchain and crypto journalist WuBlockchain, HSBC, the largest bank operating in Hong Kong, will facilitate its customers to buy and sell the biggest cryptocurrency, Bitcoin (BTC), and the largest altcoin, Ethereum (ETH), ETFs listed on the Hong Kong stock exchange. This move by the banking giant is expected to have a very positive effect, such as increasing access to cryptocurrencies allowed for trading in the country and increasing exposure to cryptocurrencies. With its decision, HSBC becomes the first bank in Hong Kong to offer such an opportunity to its customers, setting a […] The post HSBC Initiates Cryptocurrency Trading for Individual Investors in Hong Kong appeared first on COINTURK NEWS.