BitgetX.hk Announcement on Monday (13th)
It is announced that due to the decision not to apply for a Virtual Asset Trading Platform (VATP) license in Hong Kong, the platform will no longer be able to provide services. BitgetX.hk will cease operations starting from December 13, 2023, and permanently withdraw from the Hong Kong market.
Bitget launched BitgetX.hk platform for Hong Kong users in April this year. After the Hong Kong VASP system takes effect on June 1, 2023, Hong Kong users will no longer be able to access Bitget.com. According to Monday’s announcement, BitgetX.hk’s decision not to apply for a VATP license in Hong Kong was “due to business and market considerations”.
According to the announcement, BitgetX.hk users are currently unable to trade and can only withdraw assets. BitgetX.hk requires all users to withdraw virtual assets from BitgetX by December 13, 2023. After this date, the BitgetX website will no longer be accessible, and users will not be able to manage or access their assets on BitgetX.