Crypto exchanges Gate.io, OKX retreat from Hong Kong licensing efforts

Oluwapelumi Adejumo

Two prominent global exchanges’ subsidiaries — Gate.io and OKX — have withdrawn their applications for an operational license in Hong Kong in the last two days. This decision reflects a broader trend, as eight firms—including exchanges backed by Binance and HTX—have also abandoned their licensing efforts in the city-state, according to a notice on the […]

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Crypto exchanges Gate.io, OKX retreat from Hong Kong licensing efforts