Pile of Tether Cryptocurrencies. Source: Alvaro - stock.adobe.com

Key Takeaways:

Binance has delisted Tether’s USDt and other non-MiCA-compliant tokens from spot trading in the EEA to meet EU regulatory requirements.
Despite trading restrictions, EEA users can still hold and trade these tokens via perpetual contracts.
Kraken and other exchanges have also restricted access to non-compliant stablecoins ahead of MiCA enforcement.

Binance has stopped offering spot trading for Tether’s USDt (USDT) and other non-MiCA-compliant tokens in the European Economic Area (EEA) to comply with the European Union’s Markets in Crypto-Assets Regulation (MiCA).

This change, which took effect by March 31, 2025, is part of a broader regulatory compliance strategy.

🇪🇺 JUST IN: 🚨 Binance issues a final warning on Tether (USDT), urging users to convert to USDC, a MiCA-compliant stablecoin.

In just 3 days, Tether will be officially banned across Europe. pic.twitter.com/kKvjfiNnUN
— EDO FARINA 🅧 XRP (@edward_farina) March 28, 2025

Despite the removal of certain trading pairs, EEA users can still hold these tokens in their wallets and trade them via perpetual contracts.

Other exchanges are making similar adjustments. For example, Kraken introduced a sell-only restriction on USDT in the EEA on March 24, preventing users from purchasing the token.

Binance also delisted spot pairs for tokens such as Dai (DAI), First Digital USD (FDUSD), TrueUSD (TUSD), Pax Dollar (USDP), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC), and PAX Gold (PAXG).

Kraken’s future delisting plans include PayPal USD (PYUSD), Tether EURt (EURT), and others.

Although trading options are narrowing, EEA-based users can still custody non-compliant tokens on these platforms.

European regulators currently allow holding such assets but restrict their use in specific trading formats, reflecting a cautious yet permissive approach to crypto regulation.