Sean Tao, Co-founder and CEO of Kikitrade said: "It has been one of our top priorities that Kikitrade puts it first of the asset security of our users, we've decided to cease savings product subscription in Hong Kong after careful consideration and communication with the SFC."
Sean emphasized that Kikitrade is working closely with the SFC, as the adjustment of services is to keep the promise made to users in compliance with applicable laws and regulations while conducting business, Kikitrade is echoing to its roots and working towards being listed as a licensed virtual asset trading platform.
The issuer is solely responsible for the content of this announcement.
Kikitrade is Asia's leading one-stop social crypto community that serves as a bridge for anyone to start navigating the world of cryptocurrency. The company was founded in 2020 by Everest Ventures Group (EVG), a Web 3 focused venture studio, and received US$12 million in funding after launching in 2021.
Investors include British hedge fund billionaire Alan Howard, renowned blockchain venture capital fund Dragonfly Capital, co-founder of Ethereum Joseph Lubin, and Chairman of Head & shoulders Financial Group Stanley Choi, etc. Animoca Brands, a blockchain game giant with a valuation of more than $5 billion, is Kikitrade's second largest shareholder.
The Kikitrade community has garnered more than 100 investment analysts, key opinion leaders, cryptocurrency ventures' CEOs, etc, who have been actively sharing unique insights and analysis, making the community one of the most vibrant in Asia.