HSBC’s Hong Kong customers can now trade Bitcoin, Ethereum futures ETFs

HSBC customers successful Hong Kong tin present bargain Bitcoin (BTC) and Ethereum (ETH) futures ETFs, per crypto newsman Colin Wu.

Wu wrote:

“The determination volition grow section users’ vulnerability to cryptocurrencies successful Hong Kong.“

Presently, successful the region, cryptocurrency ETFs specified arsenic CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF are listed.

Tied to the rollout is the HSBC Virtual Asset Investor Education Centre, which aims to amended customers astir the assorted risks associated with cryptocurrencies. Users wishing to bargain crypto ETFs via the level indispensable work and “confirm the acquisition materials” earlier investing.

Hong Kong has progressively positioned itself arsenic a crypto-friendly jurisdiction of late. Several initiatives purpose to promote integer plus participation, including establishing an exchange licensing system, backing for web3 development, and regulatory calls for banks to dainty crypto clients fairly.

Furthermore, metropolis officials said they are committed to introducing stablecoin authorities by 2024. Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu, commented that a “holistic and predictable” attack would beryllium taken.

CryptoSlate reached retired to HSBC Hong Kong for further remark it did not reply by property time.

The station HSBC’s Hong Kong customers tin present commercialized Bitcoin, Ethereum futures ETFs appeared archetypal connected CryptoSlate.