Tether USDT trading continues across Europe despite Coinbase delisting
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Cryptocurrency exchanges in Europe are continuing to support Tether’s USDt stablecoin, even after Coinbase announced its delisting for European customers to comply with upcoming regulatory requirements.
Top exchanges, including Binance, Crypto.com and Kraken, have retained trading support for Tether USDt (USDT) following Coinbase’s delisting of the stablecoin on Dec. 13.
Other platforms like KuCoin, Mexc and Bitget also offer the stablecoin to European users despite the looming full implementation of the Markets in Crypto-Assets Regulation (MiCA) on Dec. 30.
The United States-based Coinbase exchange said it suspended USDT to comply with MiCA.
Has any other exchange delisted USDT in the EU?
While Coinbase has viewed USDT as a MiCA-restricted stablecoin since at least October, European authorities have not provided a clear statement on whether it should be considered noncompliant with local laws.
Other exchanges operating in Europe have not been vocal on the USDT delisting question, with only a few of them appearing to have delisted the stablecoin.
OKX told Cointelegraph it delisted USDT in March 2024, citing a shifting focus to euro-based trading pairs.
OKX features Tether USDt (USDT) on the home page for EU customers. Source: Cointelegraph
However, as of Dec. 17, OKX and Bitpanda both still feature USDT on their platforms, Cointelegraph has learned.
Related: Tether backs European stablecoin firm StablR amid USDT uncertainty
Bitpanda declined to comment on whether the exchange has delisted or plans to delist USDT in the near future.
The final MiCA deadline is just weeks away
Stablecoin regulation is part of MiCA’s phase one stablecoin regime, which has been applicable since June, but the stablecoin framework is expected to come into full force from Dec. 30.
With the deadline approaching, crypto exchanges in Europe still have time to decide on whether or not to delist USDT in the coming weeks.
USDT is available for trading for EU customers on exchanges like Kraken (left), Mexc and KuCoin (right). Source: Cointelegraph
Cointelegraph approached several exchanges for comment regarding USDT delistings but did not receive responses by publication.
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