Is HTX Legal in India 2026?
HTX (formerly Huobi) is FIU-IND registered. INR P2P market is smaller than Binance/Bybit but functional.
India regulatory framework
FIU-IND (under PMLA) registers VDA service providers; 49 exchanges registered as of FY 2024-25. RBI is cautious but legally cannot ban P2P trading.
Tax: Flat 30% on gains under Section 115BBH + 4% cess (effective 31.2%); 1% TDS on every transfer under Section 194S above ₹50,000/year. No loss offset, no indexation.
HTX on the India market
HTX (formerly Huobi) runs a smaller P2P market than the top 3 but absorbed Russian volume after the Bybit/Binance bifurcation. Spreads can widen during off-peak hours, making it a useful arbitrage venue. 0% trading fees on most P2P markets; KYC mandatory above unverified limits.
Fees + KYC: 0% trading fees on most P2P markets. KYC required above unverified limits. Operates from Seychelles + Hong Kong; rebranded from Huobi in 2023.
Cheapest BUY + highest SELL across HTX's INR P2P book.
Compare HTX against 8 other P2P exchanges for the INR market.
Frequently asked questions
Is HTX legal in India in 2026?+
Yes — legal. HTX (formerly Huobi) is FIU-IND registered. INR P2P market is smaller than Binance/Bybit but functional.
Is HTX FIU-IND registered?+
Yes. HTX is registered with FIU-IND (Financial Intelligence Unit India) under the Prevention of Money Laundering Act (PMLA). 49 crypto exchanges were FIU-IND registered as of FY 2024-25 — HTX is one of them. Registration means the exchange must perform KYC, monitor transactions, and file Suspicious Transaction Reports (STRs).
Do I need to pay tax on HTX trades in India?+
Yes. Flat 30% on gains under Section 115BBH + 4% cess (effective 31.2%); 1% TDS on every transfer under Section 194S above ₹50,000/year. No loss offset, no indexation. HTX as an FIU-IND registered exchange auto-deducts the 1% TDS at trade time on USDT/INR P2P trades.
Is HTX banned in India?+
No. HTX operates legally in India. HTX (formerly Huobi) is FIU-IND registered. INR P2P market is smaller than Binance/Bybit but functional.
What KYC does HTX require for India users?+
Standard FIU-IND-aligned KYC: government ID (PAN + Aadhaar in India), selfie verification, and proof of address for higher trading tiers. 0% trading fees on most P2P markets. KYC required above unverified limits. Operates from Seychelles + Hong Kong; rebranded from Huobi in 2023.
Is USDT/INR P2P trading legal in India?+
Yes. The Supreme Court struck down RBI's banking-channel ban in March 2020 (IAMAI vs RBI). No statute since has criminalised crypto trading. Exchanges must register with FIU-IND under PMLA — 49 exchanges did so in FY 2024-25.