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In order to adhere to the Markets in Crypto-Assets Regulation (MiCA), Binance has eliminated spot trading pairs containing Tether’s USDt in the European Economic Area (EEA). This action is a component of a larger endeavor to comply with regulatory standards prior to the deadline of March 31, 2025.
Cointelegraph claims that in keeping with its earlier stated plan from early March, Binance has also delisted more coins that are not MiCA-compliant. Users in the EEA can still retain the impacted tokens and trade them through perpetual contracts, even though these trading pairs are no longer accessible for spot trading.
Binance isn’t the only exchange taking steps to meet MiCA regulations. Kraken, another major crypto trading platform, has also removed certain trading pairs involving USDT and other non-compliant assets.
Kraken began restricting USDT in the EEA on March 24, allowing it only in sell-mode, according to an official notice. The platform no longer permits EEA users to purchase the delisted tokens.
Beyond USDT, Binance has also removed spot trading pairs for Dai (DAI), First Digital USD (FDUSD), TrueUSD (TUSD), Pax Dollar (USDP), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC), and PAX Gold (PAXG). Meanwhile, Kraken’s delisting efforts have impacted USDT, PayPal USD (PYUSD), Tether EURt (EURT), TrueUSD, and TerraClassicUSD.
As MiCA enforcement progresses, more exchanges may need to take similar actions to maintain compliance within the EEA market.