CRYPTD
UK Financial Conduct Authority

FCA stops HTX's crypto promotions

enforcementUnited Kingdom4 d ago
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Decoded

CRYPTD interpretation — regulatory information, not legal advice

The FCA secured High Court undertakings preventing global crypto exchange HTX, formerly Huobi, from knowingly promoting cryptoasset services unlawfully to UK consumers. HTX took steps to leave the UK, and the FCA and Huobi Global S.A. have settled the case.

What changes

HTX is no longer active in the UK and has agreed not to knowingly make unlawful cryptoasset promotions to UK consumers.

Who it affects

HTX, Huobi Global S.A. and UK consumers of cryptoasset services are affected.

Practical implications

  • HTX may be required to refrain from knowingly promoting cryptoasset services unlawfully to UK consumers.
  • The settlement suggests HTX must comply with the High Court undertakings.
Source extract

UK Financial Conduct Authority

The FCA has secured High Court undertakings to ensure that HTX (formerly Huobi), a global crypto exchange, will not knowingly promote cryptoasset services unlawfully to UK consumers. The FCA took legal action against HTX in October 2025 for breaking UK financial promotion rules. HTX had failed repeatedly to engage with the FCA. Following the commencement of proceedings, HTX took steps to exit the UK. The FCA and Huobi Global S.A. have now reached a settlement in the case. HTX is no longer active in the UK. Consumers can no longer make deposits, and new UK users cannot sign up to the platform.

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