According to PANews, HKVAEX announced that it will begin to suspend its services in phases starting from April 1, 2024, and its official website will be completely shut down on May 1, 2024. From now on, HKVAEX will no longer accept new user registrations or virtual asset deposit services. The trading services will be closed at 23:59 on April 5, 2024, and users will not be able to place any new orders at that time. All existing spot orders will be automatically canceled by the system. The HKVAEX official website will be officially taken down on May 1, 2024, and from that day on, users will not be able to access any HKVAEX-related content or services. Previously, the Hong Kong Securities and Futures Commission's official website showed that HKVAEX's application for a virtual asset trading platform license had been withdrawn.