Binance Halts USDT Trading in Europe

Binance halts spot trading of USDT in Europe to comply with MiCA regulations, but users can still hold and trade it through perpetual contracts.

Binance Halts Usdt Trading In Europe

Users in the European Economic Area (EEA) can still hold non-MiCA-compliant tokens, including Tether’s USDt, and trade them through perpetual contracts.

Cryptocurrency exchange Binance has officially discontinued spot trading pairs with Tether’s USDt in the EEA to comply with the Markets in Crypto-Assets Regulation (MiCA).

According to Cointelegraph, Binance has delisted spot trading pairs with multiple non-MiCA-compliant tokens in the EEA, following a plan announced in early March.

Although spot trading pairs with USDt have been delisted, EEA users can still hold the affected tokens and trade them via perpetual contracts.

Previously, Binance announced that spot trading pairs for non-MiCA-compliant tokens would be delisted by March 31, in accordance with local requirements to remove such tokens by the end of Q1 2025.

Other Exchanges in the EEA Also Delisting Tokens

Usdt Is Available For Perpetual Trading On Binance
Usdt Is Available For Perpetual Trading On Binance

Binance is not the only exchange implementing such changes to comply with MiCA regulations.

Kraken announced its plan to delist spot trading pairs with USDT in the EEA as early as February. According to a notice on Kraken’s website, USDT has been restricted to sell-only mode in the EEA since March 24. As of now, EEA users cannot purchase the affected tokens on the platform.

Aside from USDT, Binance has also delisted spot trading pairs for several other non-MiCA-compliant tokens, including Dai, FDUSD, TrueUSD, Pax Dollar, Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD, and PAX Gold.

Meanwhile, Kraken’s delisting roadmap in the EEA only covers five tokens: USDT, PayPal USD (PYUSD), Tether EURt (EURT), TrueUSD, and TerraClassicUSD.

ESMA Does Not Prohibit Custody of Non-MiCA-Compliant Tokens

Binance and Kraken’s decision to continue offering custody services for non-MiCA-compliant tokens aligns with guidance from MiCA compliance supervisors.

On March 5, a spokesperson for the European Securities and Markets Authority (ESMA) told Cointelegraph that custody and transfer services for stablecoins that do not comply with MiCA do not violate the new European cryptocurrency laws.

However, the same regulator previously advised European crypto asset service providers to halt all transactions involving the affected tokens after March 31, causing some confusion regarding MiCA compliance requirements.

(1 vote)

4.0/5

(1 vote)

Latest

70% Of Bnb Chain Memecoin Investors Are In Profit

News | Editor Choice | Memecoin

70% of BNB Chain Memecoin Investors Are in Profit – CZ’s “Meme Season” Is in Full Swing

The memecoin wave on the BNB Chain is exploding, with over 70% of investors reporting profits as capital floods in — marking the start of the most vibrant “meme season” ever predicted by CZ.

Paypay Acquires 40% Stake In Binance Japan

News | Editor Choice | Policy & Regulations

PayPay Acquires 40% Stake in Binance Japan

The acquisition of a 40% stake in Binance Japan marks a historic milestone for PayPay, paving the way for the convergence of traditional payments and digital assets, and shaping the future of Japan’s digital finance landscape.

Bitcoin Boom Ahead Institutional And Derivatives Data Reveal

News | Bitcoin | Editor Choice

Bitcoin Boom Ahead? Institutional and Derivatives Data Reveal

Market experts believe that Bitcoin (BTC) is in a phase of accumulation rather than topping, predicting a retest before the next explosive breakout.

Bnb Super Cycle – A Massive Rally Or Binance’s Next Big Bubble

News | Altcoin | Editor Choice

BNB Super Cycle – A Massive Rally or Binance’s Next Big Bubble?

Binance’s BNB token is heating up the crypto market with a series of new record highs, but amid the excitement of the so-called “Super Cycle,” many analysts warn it could just be a bubble waiting to burst.

Bitcoin Cools Off After Record Breaking Rally

News | Bitcoin | Editor Choice

Bitcoin Cools Off After Record-Breaking Rally

After a series of record-breaking gains, Bitcoin suddenly slipped more than 2% on Tuesday afternoon as a wave of profit-taking spread and investor caution returned to the crypto market.

Screenshot 2025 09 10 100533