Binance will restrict transactions involving HTX and 10 other cryptocurrency platforms starting August 23, citing compliance concerns, according to reporting on the restriction. The affected platforms are EXMO, Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto, Tradex, Monease, BitPapa, and Exnode/Exnode Pay.
The restriction means Binance users will not be able to deposit to or withdraw from these platforms using the exchange. Regulators and compliance teams have prioritized controls over transaction flows between major exchanges and smaller or lower-tier platforms as part of counter-money-laundering and know-your-customer enforcement.
Binance has imposed similar restrictions on other platforms in prior years as part of its compliance program. The exchange operates under heightened regulatory watch in multiple jurisdictions, including the United States, the United Kingdom, and the European Union. Each of these regions has taken enforcement action against Binance or its executives over anti-money-laundering failures and inadequate customer verification.
HTX, formerly known as Huobi Global, is one of Asia's largest cryptocurrency exchanges by trading volume. The platform was acquired by Justin Sun in 2023 and has since undergone management and compliance restructuring. HTX does not meet Binance's current compliance standards.
Exchange-to-exchange restrictions are becoming standard practice across major platforms. These controls limit the movement of funds between platforms that may have different compliance postures.
Binance processes transactions worth hundreds of billions of dollars annually across spot, futures, and staking products. The 11 platforms subject to this restriction represent a small fraction of Binance's total transaction volume, though the restriction will create friction for users attempting to move funds between these venues after August 23.
