Huobi HTX Reaches Constructive Communication With UK FCA, Related Lawsuit Properly Resolved

October 29: According to official information, Huobi HTX announced that the UK Financial Conduct Authority (FCA) previously initiated legal proceedings against the exchange in the UK, and that the matter has now been properly resolved after a period of constructive communication between the two sides.

Huobi HTX has consistently cooperated with the FCA in good faith, actively collaborated with the FCA, and actively responded to its concerns regarding the UK market. During this period, based on its commitment to continuously following compliance standards, Huobi HTX gradually strengthened the restrictions related to the UK market and its exit arrangements, and introduced supporting operational measures.

These measures were already implemented well before this settlement was reached. This settlement further consolidates the aforementioned measures and does not constitute an admission by Huobi HTX of any legal liability, wrongdoing or violation.

The settlement eliminates the relevant legal uncertainty and is consistent with the exchange's commitment to continuously improving its compliance standards. It helps Huobi HTX focus on what matters most, namely providing high-value services to users and achieving long-term sustainable growth.

Huobi HTX thanks all parties for their professional cooperation in properly concluding this matter, and will continue to focus on serving users responsibly. Looking ahead, Huobi HTX is willing to cooperate constructively with all parties in the industry, including working hand in hand with regulators where appropriate, to jointly safeguard user interests and promote the healthy development of the digital asset ecosystem.