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Bybit’s application for a Hong Kong virtual asset trading platform license was withdrawn on May 31

According to a updated data from the website of the Hong Kong Securities and Futures Commission shows that Bybit's application for a virtual asset trading platform license submitted to the Hong Kong Securities and Futures Commission was withdrawn on May 31.

The relevant information shows that the name of the virtual asset trading platform operator company submitted by Bybit is "Spark Fintech Limited", and the Chinese name is not applicable. Bybit first submitted a virtual asset trading platform license application to the Hong Kong Securities and Futures Commission on January 31, 2024.

So far, the number of applicants for virtual asset trading platform licenses revoked and returned by the Hong Kong Securities and Futures Commission is 10, with 1 being returned, and the number of applicants on the list for virtual asset trading platforms is 16.

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