Binance to Delist Non-MiCA Stablecoins in Europe by March 31
The post Binance to Delist Non-MiCA Stablecoins in Europe by March 31 appeared on BitcoinEthereumNews.com.
Binance will remove all non-MiCA stablecoin trading pairs in Europe by March 31, 2025. USDT and eight other stablecoins will no longer be tradable on Binance due to EU regulations. Binance offers zero-fee trading for BNB/USDC, ETH/USDC, and SOL/USDC for VIP and liquidity providers. Binance has announced that it will remove all non-MiCA-compliant stablecoin trading pairs in the European Economic Area (EEA) by March 31, 2025. The decision implements Markets in Crypto-Assets (MiCA) regulations from the European Union to develop a secure crypto market with better transparency. The trading of USDT and eight additional stablecoins namely FDUSD, TUSD, DAI, AEUR, USDP, UST, USTC, and PAXG will be disabled on Binance due to EU MiCA regulations. Binance Helps Users Move to MiCA-Approved Stablecoins Binance guides its users to exchange their stablecoins into the MiCA-compatible currencies USDC and EURI in addition to EUR. Its users now have full access to withdraw and deposit their non-compliant stablecoins at any moment although trading on these assets is officially restricted. Assets involving USDC or EURI or EUR currencies can always trade together because their pairs stay active in the Binance platform. The transition by Binance to selected USDC trading pairs includes a zero-fee promotion structure. The promotional offer grants free trading fees to BNB/USDC, ETH/USDC and SOL/USDC exchanges with its availability to VIP 2 – 9 members together with spot liquidity providers. Binance provides these incentives to simplify the trading process for those who conduct transactions using stablecoins. Binance Follows MiCA Rules Like Other Exchanges The crypto exchange Binance joins multiple other platforms that modify business operations to satisfy the requirements of MiCA regulations. Kraken initiated a move to remove USDT from its European trading platform alongside several other stablecoins during its recent announcement. From February 13 to March 31 of 2025, Kraken will execute…
Filed under: News - @ March 3, 2025 4:24 pm