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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.
    Consensus 2019 Justin Sun CEO TRON (CoinDesk)
    Consensus 2019 Justin Sun CEO TRON (CoinDesk)

    The Hong Kong-based subsidiary of HTX, formerly known as Huobi, has withdrawn its application for a virtual asset trading license, according to a notice on the Securities and Futures Commission website.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.

    (Hong Kong Securities and Futures Commission)
    (Hong Kong Securities and Futures Commission)

    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    Hong Kong's South China Morning Post first reported the exchange had withdrawn its application.

    HtxHuobiHong KongSFCSecurities and Futures CommissionJustin Sun
    Sam Reynolds

    Sam Reynolds is a senior reporter based in Taipei. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.

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