Search company, investor...

Founded Year

2013

Stage

Seed | Dead

Total Raised

$2M

Last Raised

$2M

About HKCEx

HKCEx ceased operations. HKCEx operates as an online bitcoin trading platform. It provides crypto-currencies trading with payment processing options. The company was founded in 2013 and is based in Hong Kong, Hong Kong.

Headquarters Location

Hong Kong,

Hong Kong

Loading...

Loading...

Expert Collections containing HKCEx

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

HKCEx is included in 1 Expert Collection, including Blockchain.

B

Blockchain

7,936 items

Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.

Latest HKCEx News

Police Still Searching for Answers In Investigation of HKCex Exchange

Jun 26, 2014

10 Hong Kong’s police force continues to investigate HKCex after a customer lodged a report of fraudulent activity in May claiming he was unable to withdraw 16.5 BTC from the cryptocurrency exchange. The customer, Dominic Rivers, told CoinDesk he then made a statement to the Hong Kong police’s Criminal Investigation Department (CID), which investigates serious crimes, on 3rd June, explaining: “I hope [the police] track these guys down. I hope an example is made of them and I hope I get my money back.” According to the case’s investigating officer, however, progress has been slow. The officer said he had written to MG Foreign Exchange Limited, which was listed as the owner of HKCex on its website, but has received no reply. The news comes amid continued uncertainty regarding the Hong Kong-based exchange, which had previously boasted upwards of $20m in funding among a number of increasingly troubling claims. An earlier  investigation into HKCex  by CoinDesk revealed that its investment and partnership claims with companies like Hang Seng Bank, Foxconn and the insurer AIA were false. Lone complaint The officer told CoinDesk he would contact the firm again, but added that no other police reports on the matter had been lodged. Further, the officer indicated that following up on the report has posed its own issues: “We are still working on the case, but in fact, I can honestly tell you we have encountered difficulties [...] we can’t confirm where the bitcoin is.” Rivers said he had also written to the Joint Financial Intelligence Unit , which investigates suspicious financial activity in the Special Administrative Region, but received no response from them. He had been attracted to HKCex by the arbitrage opportunity provided with its high BTC prices – buying bitcoin on Bitfinex to sell them on HKCex. Like other customers, his troubles started when he attempted to withdraw his funds. His withdrawal was delayed, and the exchange requested a notarised copy of his passport, mirroring requests made of other customers. Searching for answers In Rivers’ case, he was away from Hong Kong when he received the request from HKCex. He then asked his wife to get a copy of his passport notarised and drop it off at the HKCex address listed on its website. When she arrived at the address, however, she couldn’t find the exchange’s office. “My wife took it along to the address where I was supposed to post it, but there was nothing there. There is a 7-11, a kindergarten and some apartments. None of them had anything to identify them as HKCex,” he said. Rivers, who is a pilot and former server engineer, is now convinced that HKCex was an “elaborate hoax” designed to dupe traders like him who performed some cursory checks on the exchange before trading. He added: “It didn’t seem like a one-man band. There was a lot of background information about it. They did quite a lot of homework, a lot of preparation work.” According to a crowdsourced spreadsheet by HKCex customers, the exchange owes $133,765 worth of withdrawals in bitcoin, litecoin and namecoin. The website HKCex.net no longer loads. Featured image:  dlee / Flickr

HKCEx Frequently Asked Questions (FAQ)

  • When was HKCEx founded?

    HKCEx was founded in 2013.

  • Where is HKCEx's headquarters?

    HKCEx's headquarters is located at Hong Kong.

  • What is HKCEx's latest funding round?

    HKCEx's latest funding round is Seed.

  • How much did HKCEx raise?

    HKCEx raised a total of $2M.

  • Who are HKCEx's competitors?

    Competitors of HKCEx include BitPay and 1 more.

Loading...

Compare HKCEx to Competitors

payscript Logo
payscript

Payscript is a cryptocurrency payment platform operating in the financial technology sector. The company provides services that allow both consumers and merchants to manage and transact with cryptocurrencies, including buying, selling, swapping, and spending. It primarily caters to the ecommerce industry, enabling businesses to accept cryptocurrencies as payments on their online stores, point-of-sale systems, or mobile apps. It was founded in 2019 and is based in Melbourne, Victoria.

Coinpayments Logo
Coinpayments

Coinpayments is a leading cryptocurrency payment processor in the financial technology industry. The company offers a comprehensive crypto payment gateway that enables merchants to accept over 100 different cryptocurrencies, and users to hold over 2,000+ altcoins, all on a single platform. Coinpayments primarily serves the ecommerce industry, providing APIs and plugins for integration with major ecommerce platforms. It is based in Vancouver, British Columbia.

Korbit Logo
Korbit

Korbit operates as a cryptocurrency exchange platform. It offers auto trading, virtual asset staking, a nonfungible token marketplace, and more. The company was founded in 2013 and is based in Seoul, South Korea. In September 2017, NEXON acquired a majority stake in Korbit, at a valuation between $123 to $150 million.

Kraken Logo
Kraken

Kraken focuses on digital currency exchange. The company provides a platform for trading various digital currencies, including bitcoin, offering a secure and efficient service for its users. Kraken primarily serves the financial technology industry. It was founded in 2011 and is based in San Francisco, California.

BitGo Logo
BitGo

BitGo focuses on providing secure and solutions for the digital asset economy. The company offers a range of services including regulated custody, financial services, and core infrastructure. BitGo primarily serves investors and builders in the digital asset economy, including exchanges, retail platforms, crypto-native firms, and institutional investors. It was founded in 2013 and is based in Palo Alto, California.

Blockchain Logo
Blockchain

Blockchain specializes in blockchain technology and cryptocurrency-related solutions. The company offers a platform where users can buy, sell, and swap cryptocurrencies like Bitcoin and Ethereum, as well as earn rewards on their cryptocurrency assets. It also provides a cryptocurrency wallet for self-custody of digital assets, and an exchange for trading in fiat currencies. It was founded in 2011 and is based in London, United Kingdom.

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.