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The cryptocurrency exchange HTX is not accessible from Turkey: Has HTX shut down?

The cryptocurrency exchange HTX is not accessible from Turkey: Has HTX shut down?

12.12.2024 14:20

Turkey has blocked access to the HTX cryptocurrency exchange, which was operating without a license. This decision indicates that new legal regulations are being implemented and market oversight is increasing.

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The HTX cryptocurrency exchange, which has millions of users worldwide, has been blocked from access in Turkey. Turkish users are curious about why access to HTX, a popular platform among them, is not possible. This situation creates an atmosphere of uncertainty for local investors and indicates that regulations in the cryptocurrency sector are tightening.



Access Block to HTX Cryptocurrency Exchange from Turkey



Founded in 2013 under the name Huobi and rebranded to HTX last year, the platform was noted for its user-friendly structure and comprehensive cryptocurrency services. The access block from Turkey was implemented because the platform did not obtain the necessary legal permissions to operate in the Turkish market.



Despite offering Turkish language support, HTX and HTX Turkey operate without the required licenses, positioning them as "unauthorized cryptocurrency service providers." Although the platform has not yet made an official statement on the matter, HTX is not listed in the SPK's "List of Active Operators."



Access to the HTX cryptocurrency exchange from Turkey is blocked: Has HTX shut down?


Additionally, there are no sanctions against HTX in the records of the Information Technologies and Communications Authority. This situation creates uncertainty, especially for Turkish investors who trade on the platform. Experts emphasize that investors should act cautiously during this process and closely monitor the decisions of regulatory authorities.



Haberler.com reached out to the HTX Turkey unit for more information on the matter, but no statement has been made to us yet. The news will be updated if a statement is made.



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