HSBC Jumps On The Crypto Train, Unleashes Bitcoin And Ethereum ETFs
Portfolio Pulse from Murtuza Merchant
HSBC Holdings has ventured into cryptocurrency services, allowing its clients to purchase and sell Bitcoin and Ethereum ETFs listed on the Stock Exchange of Hong Kong. The bank is also launching the Virtual Asset Investor Education Center to safeguard investors from potential risks associated with cryptocurrency.
June 26, 2023 | 4:07 pm
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HSBC has entered the cryptocurrency sector, offering its clients access to Bitcoin and Ethereum ETFs listed on the Stock Exchange of Hong Kong.
HSBC's entry into the cryptocurrency sector is a significant move for the bank, as it expands its product offerings and attracts more clients interested in digital assets. This move is likely to have a positive impact on HSBC's stock price in the short term, as it demonstrates the bank's adaptability and willingness to embrace new financial trends.
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