CoinDesk (@CoinDesk): Crypto exchange Bitget's new Hong Kong unit is shutting down on Dec. 13 after deciding not to apply for a local crypto license. @iamsandali reports

Estimated coin impact

Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.

• BTC-15Negative

  Potential ripple effects on the overall crypto market due to a crypto exchange shutting down. However, given that Bitget is not one of the largest exchanges, the impact should be minimal on the larger currencies like Bitcoin.