Despite Coinbase’s recent move to delist Tether’s USDT, cryptocurrency exchanges in Europe continue to support the stablecoin. Coinbase said on December 13 that it would no longer provide USDT to European users in order to comply with the impending Markets in Crypto-Assets (MiCA) legislation. However, other prominent platforms, including Binance, Crypto.com, Kraken, KuCoin, MEXC, and Bitget, continue to list USDT on their European exchanges.
This occurs as the final MiCA implementation deadline, December 30, 2024, approaches. MiCA aspires to establish a clear regulatory framework for digital assets in the European Union, including stablecoins such as USDT. While Coinbase has already deleted USDT to comply with these restrictions, other exchanges are currently considering their options.
As of mid-December, certain exchanges, including OKX and Bitpanda, have not announced any plans to delist USDT, with OKX focused on euro-based trading pairings. Platforms such as Kraken, KuCoin, and Bitget persist in servicing USDT, enabling European consumers to trade the stablecoin until the resolution of any future regulatory decisions.
With MiCA’s full implementation approaching, these exchanges’ decisions will have a significant impact on the European cryptocurrency scene. For the time being, several platforms continue to provide Tether’s USDT while anticipating potential legislative changes in the coming weeks.
