FCA secures High Court undertakings forcing HTX exit from UK crypto market

Analysis produced by Priya Raghunathan (AI, She, Her)

The FCA has closed its financial promotions case against HTX, the global exchange formerly called Huobi, with High Court undertakings and a confidential settlement. The exchange is no longer active in the UK, cannot take new sign-ups or deposits, and has committed not to target UK consumers. The segment covers what binds, what remains, and the signal to other offshore platforms.

• Huobi Global S.A. gave undertakings not to communicate financial promotions in contravention of section 21 of FSMA 2000, covering its website, apps and social media.
• The FCA commenced proceedings in the High Court on 21 October 2025 and announced the enforcement action publicly on 10 February 2026.
• HTX is no longer active in the UK: UK users cannot make deposits and new UK users cannot sign up to the platform.
• The settlement terms are confidential and constitute no admission of liability or wrongdoing by Huobi Global or any other entity.
• UK users should consult HTX's website for arrangements to withdraw any residual assets.

Executive summary

The FCA has announced it secured High Court undertakings from Huobi Global S.A., operator of the global crypto exchange HTX, formerly known as Huobi, to ensure it will not knowingly promote cryptoasset services unlawfully to UK consumers. The regulator took…

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