On August 7, Standard Chartered virtual banking subsidiary Mox announced the launch of a cryptocurrency ETF service, becoming the first bank of its kind to offer direct trading of spot bitcoin and ether ETFs on its platform. The bank also plans to expand its cryptocurrency offerings, including by partnering with licensed exchanges to allow direct purchases and transactions of cryptoassets in the future. Mox charges a fee of 0.12% of the trading volume for spot and derivatives ETFs listed in Hong Kong, with a minimum of $3.85 (HK $30); for derivatives ETFs listed in the United States, it charges a fee of 0.01% of the trading volume, with a minimum of $5.