Binance has not stopped trading pairs with Tether’s USDT in the European Economic Area (EEA) to comply with markets in crypto-assets (MICA) regulations.
Cryptocurrency Exchange Binance removed area trading pairs with some tokens that do not follow Mica to EEA corresponding to a Plan revealed in early MarchCointelegraph learned.
While area trading pairs in tokens such as USDT (USDT) is now deleted in Binance, users at EEA Can still be careful the affected tokens and exchanged them Perpetual contracts.
USDT is available for eternal trading in Binance. Source: Binance
According to a previous announcement by Binance, area trading pairs for tokens that do not comply with MICA should be removed on March 31, corresponding to a local required to remove tokens at the end of the first quarter of 2025.
Delistings to other exchanges in EEA
Binance is not the only crypto exchange that removes non-compliance MICA tokens for trading area at EEA.
Other exchanges, such as Kraken, removed area trading pairs in tokens such as USDT in EEA after Announcing plans in February.
According to a notice on the Kraken website, the exchange of USDT prevented the mode that sells only at EEA on March 24. At the time of writing, the platform did not allow EEA users to buy affected tokens.
Kraken prevented the USDT from selling-mode only to EEA on March 24. Source: Kraken
Among other tokens following Mica, Binance also removed spot trade pairs for DAI (Dai), First digital USD (FDUSD), Trueusd (Tusd), Pax dollars (USDP USDD), Anchored euro (aeur), terrausd (UST), terraclassicusd (USTC) and gold pax (Paxg).
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Kraken’s delisting roadmap in EEA includes five tokens: USDT, Paypal USD (PIUSD), Tether is tether), trueusd and terraclassicus.
ESMA does not forbid the custody of tokens following MICA
Binance and Kraken’s move to maintain precautionary services for non-compliance tokens that follow MICA is in line with a previous communication from supervisors in compliance with MICA.
On March 5, a spokesman for ESMA Cointelegraph said that precautionary and transfer services for non-MICAs following MICA Do not violate new European Cryptocurrency laws.
On the other hand, the same regulator Previously advised European crypto service providers will stop all transactions involving affected tokens after March 31, adding a certain extent of confusion to MICA requirements.
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