HTX stops taking UK deposits after FCA settlement
In short
HTX, the crypto exchange formerly known as Huobi, stopped taking deposits from British customers after settling with the FCA. It also agreed not to target British customers with crypto promotions.
This matters for UK users because the platform is pulling back from that market. The report does not say what the settlement covered or whether HTX will return to the UK later.
What the reporting says
HTX, the former Huobi exchange, stopped accepting deposits from British customers after settling with the FCA, according to CoinDesk’s summary. It also agreed not to target British customers with crypto promotions. The reporting does not say what the settlement terms were or whether the exchange will resume UK operations later.
Why it matters
HTX stopped accepting deposits from British customers after settling with the FCA and agreed not to target them with crypto promotions. The reporting identifies a clear pullback from the UK market but does not state the settlement details or the longer-term plans for the exchange. The move is relevant to crypto trading access and UK regulatory compliance.