Binance, the world’s largest crypto exchange, will stop processing all deposits and withdrawals involving HTX and ten other platforms starting August 23, 2026. The decision is driven by sanctions compliance concerns linked to HTX founder Justin Sun and connections to Russia, following expanded UK and EU sanctions. Other platforms on the list include Rapira and EXMO, all targeted by the EU’s 21st Russia sanctions package. The ETH trading book on HTX has already started thinning as traders reposition ahead of the August 23 deadline. This situation could lead to price dislocations between HTX and other major exchanges if arbitrage channels close.
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