Cryptocurrency exchanges in Europe continue to support Tether's USDT stablecoin, even after Coinbase announced it would stop listing the currency for European customers to comply with upcoming regulatory requirements.
Leading platforms like Binance, Crypto.com, and Kraken have maintained support for trading Tether USDT (USDT) after Coinbase delisted the stablecoin on December 13.
Other platforms such as Kucoin, Mexc, and Bitget also provide this stablecoin to European users, despite the full implementation of the Markets in Crypto-Assets (MiCA) regulation on December 30.
US-based Coinbase exchange said it had stopped supporting USDT to comply with MiCA.
Have any other exchanges stopped listing USDT in the EU?
While Coinbase has considered USDT a stablecoin restricted under MiCA since at least October, European authorities have not made a clear statement on whether it is considered non-compliant with local laws.
Other exchanges operating in Europe have been largely silent on the issue of delisting USDT, with only a few seemingly having stopped listing this stablecoin.
OKX said it had delisted USDT in March 2024, citing a shift in focus to euro-based trading pairs.
OKX features Tether USDT (USDT) on its homepage for EU customers.
However, as of December 17, both OKX and Bitpanda were still displaying USDT on their platforms.
Bitpanda declined to comment on whether the exchange had or planned to delist USDT in the near future.
The MiCA deadline is fast approaching
The stablecoin regulation is part of the first phase of MiCA's stablecoin regime, which has been in effect since June, but the legal framework for stablecoins is expected to be fully implemented from December 30.
With the deadline looming, European cryptocurrency exchanges still have time to decide whether to delist USDT in the coming weeks.
USDT is available for trading by EU customers on platforms like Kraken (left), Mexc, and KuCoin (right).
