Binance has announced it will stop processing transfers to and from HTX and 10 other crypto platforms starting August 23. Any transactions sent after that date may be held for compliance review, according to BeInCrypto.

The list of affected platforms was not drawn up by Binance itself. It matches, name for name, the crypto firms included in the European Union's latest sanctions package, Council Regulation 2026/1848, adopted on July 23. The regulation bans transactions with 14 crypto and payment platforms, with 11 becoming illegal to deal with on August 23.

Binance chose the same date and copied the names exactly, including odd spellings like 'NoOnecrypto INC.' and 'Exnode Pay (Arvix).' Two additional names, Shelbit and Aban Tether, were sanctioned by the US Treasury on August 7 over links to Iranian networks.

This is not a delisting. No tokens will leave Binance, and spot trading will continue as normal. The change affects where users can legally send money. The 11 platforms blacklisted starting August 23 are: Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto, Tradex, Monease, BitPapa, Exnode/Exnode Pay, HTX (Huobi Global SA), and EXMO Ltd.

Why HTX Is on the List

Britain froze the assets of Huobi Global S.A., the Panama company behind HTX, on May 26. The stated reason was providing financial services to A7 LLC and Garantex Europe OU. A7 is a Russian payment network that the US Treasury says belongs to sanctioned Moldovan politician Ilan Shor and Russian state bank Promsvyazbank. British officials say the network claims to have moved more than $90 billion last year.

The UK Treasury confirmed on May 29 that the freeze covers the HTX exchange itself. HTX rejected the UK sanctions and told users their funds were safe. Separately, the Financial Conduct Authority (FCA) sued HTX in London's High Court over illegal crypto ads, with a settlement window closing on August 25. Steve Smart, the FCA's joint executive director of enforcement and market oversight, said, 'HTX's conduct stands in stark contrast to the majority of firms working to comply with the FCA's regime.'

Who Faces the Biggest Risk

HTX reports 59.49 million registered users, but its half-year report counts just over 420,000 who traded spot. Binance handles roughly 10 times HTX's daily spot volume. Traders who move funds between the two exchanges will lose that route, as will anyone using the smaller listed platforms as a cheap on-ramp.

Ordinary wallets may also be affected. On-chain investigator ZachXBT argued that the UK order tainted innocent addresses and made risk scores meaningless. Binance is not the only exchange taking action; the EU ban binds every firm in the bloc from the same morning, and Bybit tightened its checks months ago. Users have nine days to clear anything still in flight.