Huobi HTX has reached constructive communication with the UK Financial Conduct Authority (FCA), and the related lawsuit has been properly resolved.

BlockBeats news, October 29 - Huobi HTX announced that following the legal action initiated by the UK Financial Conduct Authority (FCA) against the trading platform in the UK, the matter has now been properly resolved through a period of constructive communication between both parties.

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 adhering to compliance standards, Huobi HTX gradually strengthened restrictions related to the UK market and exit arrangements, and introduced accompanying operational measures.

These measures were 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, misconduct, or violation.

The settlement eliminates the relevant legal uncertainty and is consistent with the trading platform's commitment to continuously enhancing compliance standards. This helps Huobi HTX focus on what matters most — providing high-value services to users and achieving long-term sustainable growth.

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