BitMart has withdrawn its application for a virtual asset service provider license in Hong Kong

according to Cointelegraph, cryptocurrency exchange BitMart has withdrawn its application for a virtual asset service provider (VASP) license in Hong Kong. According to records from the Hong Kong Securities and Futures Commission (SFC), BitMart withdrew its application on Thursday. Previously, several major exchanges such as Bybit, OKX, and Gate also withdrew their applications one after another by the end of May 2024.