PANews reported on March 31 that according to an announcement released by HKVAEX, HKVAEX will suspend services in stages starting from April 1, 2024, and its official website will be completely closed on May 1, 2024. It is reported that from now on, HKVAEX will no longer accept new user registrations or virtual asset recharge services. The trading service will be closed at 23:59 on April 5, 2024. Users will not be able to place any new orders at that time, and all existing spot orders will be automatically canceled by the system. The HKVAEX official website will be officially removed from the shelves on May 1, 2024, and from that date, users will not be able to access any HKVAEX-related content or services. Earlier news, the official website of the Hong Kong Securities and Futures Commission showed that the virtual asset trading platform license application submitted by HKVAEX to the Hong Kong Securities and Futures Commission has been withdrawn.