Hong Kong digital bank Mox Bank has been approved to upgrade its Type 1 license and launch virtual asset trading services.

Techub News reports, according to Hong Kong Economic Times, Hong Kong's digital bank Mox Bank has received regulatory approval to upgrade its Type 1 license, enabling it to offer virtual asset trading services to customers through integrated accounts. However, at this stage, it only supports trading Bitcoin and Ethereum in US dollars. The report notes that Mox Bank's virtual asset trading platform partner is HashKey Exchange, and its custodian is HashKey Custody. Regarding fees, members are divided into four tiers, with Basic members paying a 1.25% commission on virtual asset trades, and Elite members paying 0.5%.