Binance will stop processing transactions for 11 crypto platforms, including HTX, starting August 23.
This follows HTX’s inclusion in the EU’s sanctions package targeting Russia. The UK government also designated Huobi Global S.A. in May for supporting Russia.
Exchanges are now drawn into international sanctions enforcement. For major players like Binance, compliance outweighs the cost of cutting off a competitor. This fragments liquidity for some, but removes a headache for others.
Would you keep funds on a mid-tier exchange right now?
$BTC
This follows HTX’s inclusion in the EU’s sanctions package targeting Russia. The UK government also designated Huobi Global S.A. in May for supporting Russia.
Exchanges are now drawn into international sanctions enforcement. For major players like Binance, compliance outweighs the cost of cutting off a competitor. This fragments liquidity for some, but removes a headache for others.
Would you keep funds on a mid-tier exchange right now?
$BTC