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Crypto.com to shut Hong Kong app in February 2027
Crypto.com, a Singapore-based cryptocurrency exchange operator, said its consumer app will stop serving users in Hong Kong on February 1, 2027.
The company said the move is part of efforts to streamline operations and focus resources on long-term opportunities.
Crypto.com said affected Hong Kong users have already received notice. The company will provide instructions for closing accounts, and customer support will be available to help users withdraw funds in an orderly way.
The company said it is still pursuing a virtual asset trading platform license in Hong Kong through Foris DAX HK Limited. The application seeks approval from the Securities and Futures Commission for Crypto.com Exchange, its institutional-focused platform.
The commission sets out rules for virtual asset trading platforms and publishes lists of licensed operators, applicants, and other regulatory categories.
Some crypto platforms have withdrawn applications under Hong Kong’s licensing regime. Crypto.com said its app shutdown is separate from its ongoing application for an exchange license.
🔗 Source: Bloomberg
