Share this article
Huobi Hong Kong Withdraws License Application for the Second Time
HBGL Hong Kong Limited, the entity behind Huobi Hong Kong, first withdrew and then re-submitted its application for a Hong Kong VATP license in February.
Updated May 15, 2024, 7:17 p.m. Published May 15, 2024, 10:18 a.m.
- Huobi Hong Kong has withdrawn its license for a second time.
- Neither Hong Kong's market regulator nor Huobi have commented on the withdrawal.
The Hong Kong-based subsidiary of HTX has once again withdrawn its application for a virtual asset trading license in the country, according to a notice on the Securities and Futures Commission’s website.
The South China Morning Post first reported that Houbi Hong Kong had withdrawn its license.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
An email to a spokesperson for Huobi Hong Kong, which is operated by HBGL Hong Kong Limited, had not been returned by press time.
Hong Kong’s SFC posted a notice on its website stating that platforms that fail to submit a license application must shut down by May 31. The SFC did not specify why the application was withdrawn.
Many major crypto exchanges, including OKX, Crypto.com, and Bullish, are currently having their licenses reviewed by the SFC. Bullish owns CoinDesk.
In June 2023, HTX's Justin Sun said that Huobi Hong Kong would have a license in 6-12 months.
HTX maintains that Huobi Hong Kong is a wholly separate entity.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
