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Huobi HTX Reaches Constructive Communication with FCA, Legal Dispute Resolved

On October 29, Huobi HTX announced that the legal lawsuit initiated by the UK's Financial Conduct Authority (FCA) against the exchange has been properly resolved following a period of constructive communication between both parties. Huobi HTX has consistently cooperated sincerely with the FCA, actively collaborating and responding to its concerns regarding the UK market. During this period, Huobi HTX has gradually strengthened restrictions related to the UK market and exit arrangements based on its commitment to ongoing compliance standards, implementing supporting operational measures. These measures were already in place before the resolution was reached. The settlement further solidifies these measures and does not constitute an admission of any legal liability, misconduct, or violations by Huobi HTX. The resolution eliminates related legal uncertainties and aligns with the exchange's commitment to continuously enhance its compliance levels. This allows Huobi HTX to focus on its most important task: providing high-value services to users and achieving long-term sustainable growth. Huobi HTX appreciates the professional cooperation from all parties involved in resolving this matter and will continue to focus on responsibly serving its users. Looking ahead, Huobi HTX is willing to engage in constructive collaboration with industry stakeholders, including working with regulatory bodies where appropriate, to jointly safeguard user interests and promote the healthy development of the digital asset ecosystem.

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