HTX leaves the UK after FCA settlement; customers must request a 48-hour withdrawal
HTX is exiting the UK after reaching a settlement with the FCA, the UK financial regulator. The deal follows a year of litigation over promotions, and customers must request a 48-hour withdrawal window. Huobi Global's court undertakings run until October 2031, so the regulatory limits may last for years.
Why it matters
- HTX is leaving the UK after a settlement with the FCA, the UK financial regulator.
- The settlement followed a year of litigation over promotions, which points to regulatory pressure on exchanges.
- Huobi Global's court undertakings run until October 2031, so the limits may last for years.
What to watch next
Watch how HTX handles customer withdrawals during the UK exit and whether other exchanges face similar FCA action.
