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Home»ADOPTION NEWS»OKX withdraws USDT trading pair from Europe
ADOPTION NEWS

OKX withdraws USDT trading pair from Europe

By Crypto FlexsMarch 18, 20242 Mins Read
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OKX withdraws USDT trading pair from Europe
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Posted 1 minute ago In ~

Updated: March 18, 2024, 1:28 PM EDT

OKX is phasing out tethering. USDT

-0.03%
) A trading pair has been confirmed for the European Economic Area (EEA) as the European Union (EU) prepares to adopt a comprehensive regulatory framework for cryptocurrencies, The Block has confirmed.

According to an email sent by OKX to European traders reviewed by The Block, the world’s fourth-largest cryptocurrency exchange by trading volume is discontinuing support for the USDT trading pair. The delisting comes just months before the EU implements MiCA, which will take full effect on December 30, 2024. These regulations will restrict the use of certain stablecoins in the region.

On Monday, a customer support representative confirmed that Tether will no longer be available to EEA traders starting March 14. However, OKX’s website shows that USDT pairs are still available to EEA traders as of March 15th at the time of writing.

The email from OKX did not explicitly state that MiCA was delisting, but did state the following:

“Not all tokens are available in all markets due to regulatory requirements.”

OKX officials did not immediately respond to The Block’s request for comment via email.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Elizabeth Napolitano is a data reporter covering business and technology news with a focus on cryptocurrency. Before she joined The Block, Elizabeth reported on BigTech, AI, cryptocurrency, and video games for CBS Moneywatch. As a CoinDesk reporter, she covered DeFi, NFTs, and US courts. She received a master’s degree in journalism from CUNY. X: Follow her at @LizKNapolitano.

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