In light of the discussions with The Securities and Futures Commission of Hong Kong, Kikitrade will halt flexible saving and locked saving services for Hong Kong users effective on 2022/12/30 16:00 (UTC+8). Overseas users will remain unaffected.
All Hong Kong users (Users that registered in HK or completed KYC with HK identification) will be restricted from subscribing to any flexible saving or locked saving products with Kikitrade, with other services remaining unaffected.
In order to safeguard the rights and interests of Hong Kong users that have subscribed to the savings products, users have the option to continue holding or redeeming on/before 2022/12/30 at 16:00 (UTC+8).
Subscription of flexible savings or locked savings for Hong Kong users will be disabled starting 2022/12/30, 16:00 (UTC+8). The funds of users with flexible saving products will be automatically credited to their spot wallet, while the funds of users with locked saving products will be calculated on a pro-rata basis using the agreed interest rates at the subscription period and the cumulative days of subscription, and credit to the user spot wallet in 3 working days.
Kikitrade values the importance of asset security of our users, and conducts business in compliance with applicable laws and regulations, with every intention in being one of the first few to be listed as a licensed virtual asset trading platform.
Thank you for supporting Kikitrade, as we continue to integrate and improve our products and services, your feedback are invaluable and welcome in reaching our Customer Services team at firstname.lastname@example.org