European Crypto Markets Face Disruption as Binance to Delist Tether USDT, DAI, and Other Stablecoins
- Binance announced that it will deslist USDT, FUSD, and DAI trading pairs in EEA.
- After March 31st, USDT, FUSD, and DAI pairs will be fully delisted from Binance.
- Starting March 27th, Binance will remove non-compliant stablecoin margin trading pairs.
Binance has announced plans to remove trading pairs involving stablecoins that don’t comply with MiCA regulations. This includes popular stablecoins like Tether’s USDT, First Digital USD (FUSD), and DAI within the European Economic Area (EEA).
This change, scheduled for March 31, is part of Binance’s effort to follow the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework.
Binance to Delist Non-Compliant Stablecoin Pairs by March 31
In a March 3 announcement, Binance said that non-MiCA compliant stablecoins can still be traded in spot pairs until the deadline. However, after March 31, these pairs will be removed completely.
Users in the EEA are being advised to switch to MiCA-compliant stablecoins like Circle’s USD Coin (USDC) and Eurite (EURI), or to traditional currencies like the euro (EUR). The exchange made it clear that users will still be able to deposit and withdraw non…
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European Crypto Markets Face Disruption as Binance to Delist Tether USDT, DAI, and Other Stablecoins
- Binance announced that it will deslist USDT, FUSD, and DAI trading pairs in EEA.
- After March 31st, USDT, FUSD, and DAI pairs will be fully delisted from Binance.
- Starting March 27th, Binance will remove non-compliant stablecoin margin trading pairs.
Binance has announced plans to remove trading pairs involving stablecoins that don’t comply with MiCA regulations. This includes popular stablecoins like Tether’s USDT, First Digital USD (FUSD), and DAI within the European Economic Area (EEA).
This change, scheduled for March 31, is part of Binance’s effort to follow the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework.
Binance to Delist Non-Compliant Stablecoin Pairs by March 31
In a March 3 announcement, Binance said that non-MiCA compliant stablecoins can still be traded in spot pairs until the deadline. However, after March 31, these pairs will be removed completely.
Users in the EEA are being advised to switch to MiCA-compliant stablecoins like Circle’s USD Coin (USDC) and Eurite (EURI), or to traditional currencies like the euro (EUR). The exchange made it clear that users will still be able to deposit and withdraw non…
The post European Crypto Markets Face Disruption as Binance to Delist Tether USDT, DAI, and Other Stablecoins appeared first on Coin Edition.
Read More
SEC Actions Across Binance, Ripple Suggest Coordinated Resolution Push