On January 4th, the Hong Kong Securities and Futures Commission's official website updated information on virtual asset trading platform license applications, which showed that BX SERVICES LIMITED, the company that HKVAEX, a Hong Kong cryptocurrency exchange, belongs to, officially submitted a virtual asset trading platform license application to the Hong Kong Securities and Futures Commission on January 4th. The company currently has no Chinese name. As of now, there are 11 companies that have officially applied to the Hong Kong Securities and Futures Commission for a virtual asset trading platform license.

Previously, according to the South China Morning Post, insiders said that HKVAEX was established by Binance to obtain a cryptocurrency business license in Hong Kong. The HKVAEX exchange's website shows that it is using Binance servers to obtain content, and the shared code between the two companies has similarities, and the terms of use also have almost identical templates, indicating that the two companies may also share legal resources. However, a Binance spokesperson later stated that HKVAEX is not a subsidiary of Binance Group.