HTX gives court undertakings on UK promotions until 21 October 2031

The Financial Conduct Authority announced on 29 October that it had settled its financial-promotions proceedings against Huobi Global S.A., the first defendant in its case concerning HTX. The regulator said HTX would no longer target, solicit or actively engage UK consumers.[1]

The High Court order is dated 27 October and records a settlement agreement made on 16 October. Its undertakings run until 21 October 2031, giving the commitments a defined duration rather than an indefinite term.[2]

What the court undertakings cover

Huobi Global S.A. undertakes not knowingly to communicate, or cause another person to communicate, a financial promotion contrary to section 21 of the Financial Services and Markets Act 2000. The wording covers direct and indirect communications, including websites, mobile applications and social media.[2]

Further proceedings are stayed except for enforcement. The parties can return to court to enforce the settlement without starting a fresh claim, and the order makes no award of costs.[2]

UK access and remaining assets

According to the FCA, HTX is no longer active in the UK: consumers cannot deposit funds and new UK users cannot register. The regulator directs customers with assets remaining on the platform to HTX’s withdrawal arrangements.[1]

The FCA says the confidential settlement contains no admission of liability or wrongdoing.[1]

The change since the proceedings were announced

The FCA dates the start of proceedings to 21 October 2025. When it disclosed the action in February, HTX had restricted new UK registrations, but existing UK customers could still access financial promotions. The regulator said it had received no assurance that the restrictions would be permanent.[3][1]

The October order adds enforceable commitments with an expiry date to that earlier account of platform restrictions. The stay preserves a route back to court if enforcement becomes necessary.[2]

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