Crypto.com has announced plans to close its consumer-facing app in Hong Kong on Feb. 1 of next year.

Users of the app will have their access cutoff at the start of February 2027.

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

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The cryptocurrency exchange and financial services platform boasts more than 140 million users worldwide.

In a statement, the company added: “We will provide clear instructions on closing accounts and support is available to ensure the orderly withdrawal of…