Hong Kong-based cryptocurrency exchange Gatecoin has announced that it has secured two alternative HKD and USD transfer options following issues with domestic banks.

In late September, the startup announced that its HKD and USD transfer services were severely impacted by the sudden suspension and subsequent closure of its Hang Seng client bank account in the country and decided to temporarily halt all HKD and USD transfers.

In a recent update on the matter, Gatecoin said that it has secured two alternative HKD and USD transfer options, which will be available in the forthcoming weeks:

• A licensed European payments processor that will facilitate all USD and HKD transfers (deposits and withdrawals).
• A Switzerland-based bank in partnership with a Swiss Asset Management firm that will process larger transactions in USD for OTC trades.

“We will be thoroughly testing both services to ensure a smooth transfer process for our clients,” Gatecoin said. “Our EUR SEPA transfers still remain unaffected by our banking relationships in Hong Kong and are working efficiently.”

Gatecoin today announced that it has added support for Litecoin (LTC) on its platform.

“LTCUSD and LTCHKD pairs are also available, however, USD and HKD transfers are still on hold for several weeks while we work to activate our new payment processing solutions,” it clarified.