Founded in 2017 and based in Hong Kong, BitAsset was a digital asset trading platform that offered a range of services including spot trading, futures contracts, and over-the-counter (OTC) trading for various cryptocurrencies. The platform aimed to provide a secure and professional trading environment for a global user base. However, in December 2020, the exchange abruptly ceased all operations, including trading and withdrawal services, leading to significant public reports of user fund losses.