OKX is gradually discontinuing tether trade pairs in the European Economic Area (EEA) in anticipation of the EU’s adoption of a comprehensive cryptocurrency regulatory framework.
A European trader received an email announcing that the fourth-largest cryptocurrency exchange in the world based on trading volume is discontinuing support for USD-T trading pairings.
The delisting occurs a few months ahead of the EU’s planned December 30, 2024, complete implementation of MiCA. The use of some stablecoins in the area would be restricted by the rule.
On Monday, a customer service agent verified that traders in the European Economic Area could no longer access Tether starting on March 14. However, as of March 15, USDT pairs were still accessible in the EEA, according to OKX’s website.
The email from OKX said, “Please note that not all tokens are available in all markets due to regulatory requirements.”
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