HSBC, the largest bank in Hong Kong, has reportedly started allowing its clients to trade Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). This move is seen as a significant step in expanding local users’ exposure to cryptocurrencies in Hong Kong. According to crypto journalist Colin Wu, three crypto ETFs are currently listed on the Hong Kong exchange, including CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF. HSBC is also launching a blockchain education initiative to educate investors new to the crypto space. In addition, earlier this month, Coinbase was invited to base its operations in Hong Kong due to regulatory uncertainty and anti-crypto policies in the US.
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