Upbit Halts HTX Withdrawals Amid UK Regulatory Pressure

South Korean cryptocurrency exchange Upbit has taken steps to distance itself from HTX, formerly known as Huobi Global, by suspending digital asset withdrawal support for the platform.

The move, which took effect immediately on May 27, is a direct response to UK regulatory sanctions imposed on HTX. This reflects the increasing compliance pressures within the global crypto industry and may signal a broader trend of exchanges severing ties with platforms facing regulatory action.