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

Cryptocurrency exchange Binance has delisted spot trading pairs with several non-MiCA-compliant tokens in the EEA in line with a plan disclosed in early March , Cointelegraph has learned.

While spot trading pairs in tokens such as USDt

USDT$0.9999
Tether USDt
Change (24h)
0.01%
Market Cap $139.32B
Volume (24h) $46.82B
View More
are now delisted on Binance, users in the EEA can still custody the affected tokens and trade them in perpetual contracts .

Binance ends Tether USDT trading in Europe to comply with MiCA rules

According to a previous announcement by Binance, the spot trading pairs for non-MiCA-compliant tokens were to be delisted by March 31, which is in line with a local requirement to delist such tokens by the end of the first quarter of 2025.

Delistings on other exchanges in EEA

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Binance is not the only crypto exchange delisting non-MiCA-compliant tokens for spot trading in the EEA.

Other exchanges, such as Kraken, have delisted spot trading pairs in tokens such as USDT in the EEA after announcing plans in February .

According to a notice on the Kraken website, the exchange restricted USDT for sell-only mode in the EEA on March 24. At the time of writing, the platform doesn’t allow its EEA users to buy the affected tokens.

Binance ends Tether USDT trading in Europe to comply with MiCA rules

Among other non-MiCA-compliant tokens, Binance has also delisted spot trading pairs for Dai

DAI$0.9999
Dai
Change (24h)
0.02%
Market Cap $5.36B
Volume (24h) $71.56M
View More
, First Digital USD
FDUSD$0.9982
First Digital USD
Change (24h)
0.03%
Market Cap $1.95B
Volume (24h) $5.20B
View More
, TrueUSD
TUSD$0.9955
TrueUSD
Change (24h)
0.46%
Market Cap $493.40M
Volume (24h) $43.34M
View More
, Pax Dollar
USDP$1.00
Pax Dollar
Change (24h)
0.85%
Market Cap $114.43M
Volume (24h) $6.37M
View More
, Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD
USTC$0.01125
TerraClassicUSD
Change (24h)
4.62%
Market Cap ⸺
Volume (24h) $854,030.18
View More
and PAX Gold
PAXG$3,139.03
PAX Gold
Change (24h)
0.48%
Market Cap $626.41M
Volume (24h) $38.33M
View More
.

Related: Tether acquires 30% stake in Italian media company Be Water

Kraken’s delisting roadmap in the EEA only included five tokens: USDT, PayPal USD

PYUSD$0.9998
PayPal USD
Change (24h)
0.00%
Market Cap $491.69M
Volume (24h) $9.10M
View More
, Tether EURt (EURT), TrueUSD and TerraClassicUSD.

ESMA doesn’t prohibit custody of non-MiCA-compliant tokens

Binance and Kraken’s move to maintain custody services for non-MiCA-compliant tokens aligns with a previous communication from MiCA compliance supervisors.

On March 5, a spokesperson for the ESMA told Cointelegraph that custody and transfer services for non-MiCA-compliant stablecoins do not violate the new European cryptocurrency laws .

On the other hand, the same regulator previously advised European crypto asset service providers to halt all transactions involving the affected tokens after March 31, adding a certain extent of confusion over MiCA requirements.

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