EXMO.com announced that it is beginning an orderly wind-down of the platform, citing UK financial sanctions against legal entities within the EXMO.com group. The exchange said it disputes the sanctions but is cooperating with authorities.

The designation traces back to May 26, 2026, when the UK’s Foreign, Commonwealth and Development Office added EXMO Exchange Limited to its Russia sanctions list alongside 17 other entities and individuals, including HTX (formerly Huobi), Bitpapa and Rapira Group.

The UK authorities framed the package as targeting the “A7 network,” a group of crypto and banking infrastructure providers accused of helping fund Russia’s war economy. EXMO was described in coverage of the action as an exchange popular among…