South China Morning Post: HKVAEX plans to apply for a license in Hong Kong, sources say it shares resources with Binance

2023-10-25 12:02:42

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ChainCatcher news, according to the South China Morning Post, informed sources revealed that the Hong Kong cryptocurrency exchange HKVAEX plans to apply for a license in Hong Kong. The sources stated that HKVAEX was established by Binance to obtain a cryptocurrency business license in Hong Kong. The HKVAEX exchange's website shows that it is using Binance servers to obtain content, and there are similarities in the shared code of the two companies, with the terms of use having almost identical templates, indicating that the two companies may also share legal resources.

In response to questions about its relationship with Binance, HKVAEX stated in an email, "HKVAEX is an independent virtual asset trading platform headquartered in Hong Kong, operated by a technical team from the financial services industry and experienced professionals, and is currently preparing to apply for the 'SFC Virtual Asset Trading Platform' license."

In this regard, a Binance spokesperson stated that HKVAEX does not belong to the Binance Group.

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