Binance has ceased spot trading pairs with Tether’s USDt within the European Economic Area (EEA) as part of its compliance with the Markets in Crypto-Assets Regulation (MiCA). This delisting affects various non-MiCA-compliant tokens, and according to Binance’s previous announcements, these changes were to happen by March 31, 2025. Despite the delisting, users in the EEA can still custody non-compliant tokens and trade them in perpetual contracts. Other exchanges, like Kraken, have also followed suit by restricting USDT to sell-only mode for EEA users. The ESMA has clarified that while custody and transfer services for such tokens can continue, transactions involving them must stop post-deadline, leading to confusion about MiCA compliance requirements.

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