Crypto.com ends Hong Kong app services on 1 February 2027, according to an exclusive report by Bloomberg.

The shutdown affects its consumer app, while Crypto.com continues pursuing a licence for its institutional exchange.

“This decision reflects our ongoing efforts to optimize global operations and allocate resources where we see the most sustainable long-term opportunities,” a Crypto.com spokesperson said.

Foris DAX HK Limited applied for a Hong Kong virtual-asset trading licence on 9 February 2024.

The application covers Crypto.com Exchange, the company’s institutional-grade trading platform, rather than its consumer app.

Hong Kong’s Securities and Futures Commission lists Foris DAX HK Limited, which operates Crypto.com, as a…