Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»Kraken is considering ending USDT support in the EU.
TRADING NEWS

Kraken is considering ending USDT support in the EU.

By Crypto FlexsMay 19, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Kraken is considering ending USDT support in the EU.
Share
Facebook Twitter LinkedIn Pinterest Email
  • Kraken is reportedly considering withdrawing support for the stablecoin USDT in Europe.
  • The exchange’s plans come as it pushes for compliance ahead of MiCA, the EU’s cryptocurrency regulation.
  • Cryptocurrency exchange OKX ended support for USDT trading in the EU in March.

Kraken is considering a move for the cryptocurrency exchange to drop support for the Tether (USDT) stablecoin in Europe.

A Bloomberg report published on Friday, May 17, noted that the cryptocurrency exchange is “actively reviewing” this position.

Kraken seeks to delist USDT ahead of the EU’s MiCA regulations.

According to reports, Kraken is considering ending USDT support for its markets ahead of the release date of Market for Cryptocurrency Assets (MiCA) regulations in the region.

The exchange’s delisting of USDT for EU users is part of its compliance process.

Cryptocurrency exchanges and other providers operating in the EU know that MiCA’s stablecoin rules are scheduled to come into effect on June 30, 2024. The comprehensive regulatory framework also includes rules targeting cryptocurrency service providers, which will come into effect on December 30, 2024.

Kraken is “absolutely prepared for every eventuality,” Marcus Hughes, the exchange’s head of global regulatory strategy, told Bloomberg. The cryptocurrency platform will take a firm stance on this at the appropriate time, the official added.

With this move, Kraken will join OKX, which ended support for the USDT trading pair on its European platform in March.

Tether is currently the world’s largest USD-pegged stablecoin with a market capitalization of over $110 billion, accounting for 68.7% of the total $160 billion market. According to data from CoinGecko, USDT is currently available on 347 exchanges.


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Circle is looking for a US Trust Bank Charter for USDC Reserve Management.

July 1, 2025

What should I do with encryption?

June 30, 2025

Last Opportunity-The bonus stage of the light chain AI begins after closing all 15 pre-sales stages.

June 29, 2025
Add A Comment

Comments are closed.

Recent Posts

$ 90m NOBITEX HACK: Fault by layer

July 1, 2025

Block3 Unveils Prompt-To-Game AI Engine As Presale Launches

July 1, 2025

$70M Committed To Boba Network As Foundation Concludes BOBA Token Agreement With FTX Recovery Trust

July 1, 2025

Limitless Raise $4m Strategic Funding, Launch Points Ahead Of TGE

July 1, 2025

Take Advantage Of BJMining’s Passive Income Opportunities As The XRP Ecosystem Rises

July 1, 2025

Circle is looking for a US Trust Bank Charter for USDC Reserve Management.

July 1, 2025

Hyra Network Honored As “Technology Startup Of The Year” At The 2025 Globee® Awards

July 1, 2025

Shheikh.io Launches SHHEIKH Token Presale For Blockchain-Backed Real‑World Asset Investments

June 30, 2025

What should I do with encryption?

June 30, 2025

AAS Miner Will Become The Top Free Cloud Mining Platform For Passive Income From Mining Cryptocurrencies Such As BTC And ETH In 2025

June 30, 2025

Bitcoin is integrated into less than $ 108,000, but the eyes are set for $ 115,000.

June 29, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

$ 90m NOBITEX HACK: Fault by layer

July 1, 2025

Block3 Unveils Prompt-To-Game AI Engine As Presale Launches

July 1, 2025

$70M Committed To Boba Network As Foundation Concludes BOBA Token Agreement With FTX Recovery Trust

July 1, 2025
Most Popular

What is a Bitcoin Node? BTC Node Beginner’s Guide

March 2, 2024

STEPN Green Metaverse Token is up more than 40% this week.

January 7, 2024

Price Analysis 7/29: SPX, DXY, BTC, ETH, SOL, BNB, XRP, DOGE, TON, ADA

July 30, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.