Cryptoasset platform HTX has given undertakings to the High Court in London not knowingly to make unlawful financial promotions to consumers in the United Kingdom.
The Financial Conduct Authority brought civil proceedings in October 2025 over promotions made by HTX, formerly known as Huobi. The settlement requires the platform not to promote cryptoasset services unlawfully to UK consumers. HTX has also confirmed that it has exited the UK market, will not accept deposits or register new UK users, and will not actively target or solicit them.
The undertakings conclude the FCA’s civil case without a contested judgment on liability. They are enforceable promises to the court, and a breach may expose the company to contempt proceedings. The regulator described the result as stopping the promotions rather than imposing a financial penalty.
UK rules generally prohibit unauthorised firms from communicating invitations or inducements to engage in investment activity unless the promotion is approved by an authorised person or falls within an exemption. The restrictions extend to qualifying cryptoasset promotions directed at UK consumers.
The FCA announced the settlement on 29 October 2026. Its official statement explains the undertakings and HTX’s market-exit commitments.
