The Hong Kong-based subsidiary of HTX, formerly known as Huobi, has withdrawn its application for a virtual asset trading license, according to a notice on the Securities and Futures Commission website.
The SFC’s website shows that HTX withdrew its application three days after it was submitted.
Last June, CoinDesk reported that Justin Sun predicted HTX (then Huobi) could receive a Hong Kong crypto trading license in 6 to 12 months.
A spokesperson for HTX did not immediately return a request for comment.
Hong Kong’s South China Morning Post first reported the exchange had withdrawn its application.