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HTX exits UK market following FCA settlement
Crypto exchange HTX, formerly known as Huobi, has agreed to exit the United Kingdom following a settlement with the Financial Conduct Authority (FCA). The agreement follows legal proceedings initiated in October 2025 regarding unlawful cryptocurrency promotions.
As part of the High Court undertakings, HTX and its parent entity, Huobi Global S.A., are prohibited from knowingly communicating financial promotions that breach UK law through websites, mobile applications, or social media platforms. These restrictions remain in effect until October 21, 2031.
The settlement does not constitute an admission of liability or wrongdoing by HTX. However, the exchange has implemented restrictions that block new user registrations and deposits from the UK. Existing customers are unable to trade or transact on the platform and have been directed to contact customer support to request a one-time, 48-hour window to withdraw remaining assets, subject to identity and security checks.
Entities
Financial Conduct Authority · HTX · High Court · Huobi Global S.A. · Justin Sun · United Kingdom
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 9 SOURCES] HTX has exited the UK market following a settlement with the Financial Conduct Authority. cryptoslate.com · hedgeco.net · coinpaper.com · www.crypto-insiders.nl · crypto.news · +3 more
- [● 5 SOURCES] New UK users are blocked from registering and existing users cannot make deposits. cryptoslate.com · hedgeco.net · coinpaper.com · ambcrypto.com · www.cryptopolitan.com
- [● 5 SOURCES] The settlement does not include an admission of liability or wrongdoing by HTX or Huobi Global. hedgeco.net · crypto.news · ambcrypto.com · www.cryptopolitan.com
- [● 2 SOURCES] HTX stated that its UK exit arrangements were in place before the settlement was announced. hedgeco.net · ambcrypto.com
- [● 3 SOURCES] The FCA initiated High Court proceedings against Huobi Global S.A. on October 21, 2025. hedgeco.net · coinpaper.com · www.cryptopolitan.com
- [● 8 SOURCES] Huobi Global S.A. provided High Court undertakings that last until October 21, 2031. cryptoslate.com · hedgeco.net · coinpaper.com · crypto.news · ambcrypto.com · +2 more
- [● 3 SOURCES] Eligible UK customers can request a one-time, 48-hour window to withdraw remaining assets. cryptoslate.com · coinpaper.com
- [● 3 SOURCES] The undertakings prohibit unlawful financial promotions via HTX's website, apps, and social media. hedgeco.net · crypto.news · ambcrypto.com