Cryptocurrency exchange Kraken is preparing to remove several stablecoins for customers in the European Economic Area as the European Union's Crypto Asset Market Supervisory Authority comes into full effect. The exchange announced that it will gradually remove margin trading restrictions on USDT, PYUSD, EURT, TUSD and UST for EEA users starting on February 13. Spot trading will stop on March 24, open orders will be cancelled, and assets will no longer be exchanged for cryptocurrencies or fiat currencies.
Kraken said the move ensures compliance with MiCA and allows it to maintain long-term operations in Europe.
Kraken will suspend trading of stablecoins such as USDT, PYUSD, EURT, and TUSD in Europe from February 13
2025-02-01 09:43:09
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