Key facts
- HTX has restricted access to trading and other services for Russian users.
- Bitget and MEXC previously announced plans to discontinue services in Russia in October.
Crypto exchange HTX has added Russia to its list of restricted jurisdictions, limiting services for Russian users. This move mirrors similar actions taken by exchanges Bitget and MEXC in October due to increasing regulatory compliance mandates.
HTX's decision to restrict services for Russian users, alongside Bitget and MEXC, reflects growing regulatory pressure on crypto exchanges operating in or with connections to Russia. This may lead to further fragmentation of the global crypto market and impact Russian users' access to international trading platforms.
Cryptocurrency exchange HTX has added Russia to its list of restricted jurisdictions, limiting access to trading and other services for Russian users. This action follows similar moves by exchanges Bitget and MEXC, which announced their withdrawal from the Russian market in October. HTX's updated User Agreement states that restrictions apply to users and companies located or operating in Russia. The exchange reserves the right to limit withdrawals and close accounts of restricted users, though the effective date of these restrictions has not yet been announced. Russia is one of several countries already on HTX's restricted list, which includes the US, UK, EU, Singapore, Hong Kong, Iran, and Syria. These restrictions come amid increasing compliance mandates for international exchanges and previous regulatory actions against HTX by the EU.
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