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HTX Withdraws Hong Kong Crypto Exchange Application
Hong Kong's securities regulators says HBGL Hong Kong Limited withdrew its application for a license on February 23.
By Sam Reynolds
Updated Mar 9, 2024, 2:15 a.m. Published Feb 27, 2024, 2:43 a.m.
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The Hong Kong-based subsidiary of HTX, formerly known as Huobi, has withdrawn its application for a virtual asset trading license, according to a notice on the Securities and Futures Commission website.
The SFC's website shows that HTX withdrew its application three days after it was submitted.
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Last June, CoinDesk reported that Justin Sun predicted HTX (then Huobi) could receive a Hong Kong crypto trading license in 6 to 12 months.
A spokesperson for HTX did not immediately return a request for comment.
Hong Kong's South China Morning Post first reported the exchange had withdrawn its application.
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