- BitgetX HK, a subsidiary of the crypto exchange Bitget, ceases operations in the Hong Kong market.
- The withdrawal follows the company’s decision not to pursue a Virtual Asset Trading Platform (VATP) license.
- The official statement announces the cessation effective December 13, 2023.
BitgetX HK, a subsidiary of the crypto exchange Bitget, has officially announced its decision to halt operations in the Hong Kong market. The withdrawal follows the company’s decision not to pursue a Virtual Asset Trading Platform (VATP) license in Hong Kong, citing business and market considerations.
In an official statement released on Monday, the company cited, “BitgetX website (www.BitgetX.hk) will cease its operations effective December 13, 2023. At the same time, BitgetX.hk will permanently exit the Hong Kong market.”
Contrary to expectations, BitgetX HK, which commenced operations just seven months ago, has chosen to withdraw its local crypto license application. Consequently, BitgetX HK will no longer be able to offer services to its users in Hong Kong. The company attributes this decision to “business and market-related considerations.”
Users of BitgetX HK are…
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