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Crypto.com announced Tuesday that it would delist Tether (USDT) and several other assets for European Union customers, following regulatory compliance requirements outlined by EU authorities.
The exchange informed users via email ahead of the enforcement of the Markets in Crypto-Assets (MiCA) regulations.
Trading features such as Target Price, TWAP, and Recurring Buy will also be removed. From March 31, 2025, users will no longer be able to sell or withdraw USDT and other delisted assets.
Starting January 31, 2025, Crypto.com will discontinue the purchasing, staking, and crypto-to-crypto exchange of USDT and other impacted assets.
In addition to USDT, several other stablecoins and tokenized assets will be delisted, including DAI, PAX, PAXG, WBTC, XSGD, and PYUSD. This move aligns with the EU’s tightening regulatory framework for digital assets, particularly MiCA, which establishes clearer guidelines for the use and issuance of stablecoins.
The exchange urges users to review their holdings and take action before these deadlines to avoid automatic conversions or liquidity disruptions.
This approval allows the exchanges to continue offering services while ensuring compliance with new EU guidelines. OKX intends to introduce a suite of trading options, including over-the-counter (OTC), spot, and automated trading, while also optimizing its website and mobile app for local users.
Earlier this week, Crypto.com, along with Bitpanda and OKX, secured licenses under the European Union’s MiCA regulatory framework.