A Bitcoin and Altcoin Exchange Allegedly Owned by Binance Will Be Permanently Closed!

Hong Kong stock exchange HKVAEX announced that it has decided to close.

Hong Kong exchange HKVAEX, which is suspected to be owned by Binance, the world's largest cryptocurrency exchange by transaction volume, announced that it will be permanently closed before April 30 and all users must withdraw their assets from the platform.

Hong Kong's regulatory authority, SFC, shared evidence that HKVAEX applied for a license on January 4, 2024 and withdrew this application on March 28.

We are announcing that HKVAEX will begin to phase out services starting April 1, 2024.

This will lead to a complete shutdown of our official website on May 1, 2024. Please note the following schedules and regulations:

We apologize for the inconvenience caused by the closure of our platform.

“We are grateful for your support and trust in HKVAEX and invite users to withdraw their assets and take necessary action by April 30, 2024.”

Our readers should remember that this development will not affect the operation of Binance Global or Binance TR.