Binance to Halt Processing of Deposits, Withdrawals Tied to 11 Digital-Asset Platforms Including HTX
Summary
- Binance said it will restrict transactions tied to 11 digital-asset platforms, including HTX.
- Binance cited recent changes in the regulatory environment for the move and said it may suspend transaction processing with those platforms while applying restrictions to related wallets.
- HTX was included in European Union sanctions targeting Russia and was also designated under U.K. government sanctions.
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Binance, the world’s largest digital-asset exchange, will restrict transactions linked to 11 digital-asset platforms, including HTX.
Starting Aug. 23, Binance will stop processing deposits and withdrawals involving 11 platforms and service providers, Cointelegraph reported on Aug. 14. The list includes HTX, Rapira, Aifory Pro, ABCeX, WhiteBird and NoOneCrypto.
Binance cited recent changes in the regulatory environment as the reason for the move. If users attempt transactions involving those platforms after the measure takes effect, the transactions may be placed on hold while the exchange reviews regulatory compliance. Related wallets may also be subject to restrictions during the review period.
HTX was included late last month in European Union sanctions targeting Russia. The U.K. government also imposed sanctions on Huobi Global in May, saying there were reasonable grounds to suspect it had supported the Russian government.
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