Binance, one of the world's largest cryptocurrency exchanges by trading volume, will stop processing transactions involving crypto exchange HTX and 10 other listed crypto platforms and service providers from Aug. 23.

The exchange cited recent regulatory developments for the decision in a Friday announcement. The affected platforms are HTX, Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto INC., Tradex, Monease Ltd, BitPapa, Exnode and EXMO.

According to the announcement, transactions attempted on or after the effective date may be held and subject to compliance review. Binance said restrictions may also be applied to impacted wallets while the review is ongoing.

For users and counterparties that interact with multiple exchanges and service providers, the move highlights how sanctions and compliance actions can quickly affect transaction routing across the crypto sector, even when the announcement is framed as a processing decision rather than a broader market restriction.

HTX, which rebranded from its former name Huobi in 2023, was added to the European Union's sanctions package targeting Russia in late July. The EU has adopted successive sanctions packages targeting Russia since 2022.

The UK government also designated Huobi Global S.A. in May, citing "reasonable grounds to suspect" that it supported Russia's government by providing financial services or making available funds and economic resources to A7 LLC and Garantex Europe OU.

HTX denied the UK sanctions allegations, arguing the designation applies only to Huobi Global S.A. as a separate legal entity and saying its online exchange and user funds remain unaffected. The UK's Office of Financial Sanctions Implementation (OFSI), the HM Treasury unit responsible for enforcing financial sanctions, later said it considers the HTX exchange itself subject to the sanctions because it is owned by Huobi Global.

Separately, the US Treasury sanctioned Shelbit and Aban Tether on Aug. 7.