BlockBeats reported that on October 10, according to the latest update on the official website of the Hong Kong Securities and Futures Commission, the application for a virtual asset trading platform license submitted by HKDAX was withdrawn on October 9. The name of HKDAX's operating company is "Hong Kong Digital Asset Xchange Limited", which has no Chinese name. It is reported that the company initially submitted a license application to the Hong Kong Securities and Futures Commission on August 27, 2024.

So far, the Hong Kong Securities and Futures Commission has announced a total of 13 applicants for the withdrawal and return of virtual asset trading platform licenses, of which 1 was returned. In addition, there are 15 virtual asset trading platforms that are applying, 11 of which are considered likely to be issued licenses, and there are 3 licensed virtual asset trading platforms.