Huobi Global S.A., the Panama-registered company behind crypto exchange HTX, has reached a confidential settlement with the UK's Financial Conduct Authority (FCA). The company has pledged to exit the UK market and cease publishing financial promotions that violate local laws to UK users via its website, applications, and social media. UK users are currently unable to deposit funds, new users cannot register, and existing users must withdraw their assets within 48 hours. This settlement concludes the FCA's first enforcement case against a crypto company for financial promotions; HTX has not admitted liability or wrongdoing, and public reports have not specified whether a fine was paid.