Binance is cutting off financial ties with more than a dozen crypto platforms, and the list includes a name that matters far beyond the usual roster of obscure exchanges: HTX, the global trading platform formerly known as Huobi. Starting August 14, 2026, the world’s largest crypto exchange began winding down transaction processing with 16 entities in a phased schedule running through August 23. The move to have Binance sanctions crypto firms tied to Russia, Iran and money-laundering allegations is one of the clearest signs yet that Western sanctions pressure is now reshaping how major exchanges deal with each other.

Key takeaways

• Binance is halting transaction processing for 16 crypto entities, including HTX, in a phased rollout…