Categories: MarketsMenafn

Breaking: Kraken To Delist USDT Over MiCA Laws

Kraken is joining other exchanges in delisting USDT due to compliance with the Markets in Crypto-Assets (MiCA) regulation. 

The delisting will occur in phases, with all remaining holdings automatically converted by March 31, 2025, to a compliant stablecoin like USD Coin (USDC). 

In a blog post, Kraken stated:

We have made the difficult decision to change our stablecoin offering for clients in the European Economic Area (EEA). These changes ultimately ensure Kraken remains compliant and is able to provide its exceptional trading experience to European clients for the long term.

Kraken Delists USDT and Other Non-Compliant Tokens

Alongside USDT, the affected stablecoins include PayPal USD (PYUSD), Euro Tether (EURT), TrueUSD (TUSD), and TerraUSD (UST). The process begins on February 13, 2025, when margin trading for these assets will be set to “reduce-only” for EEA clients. By February 27, spot trading will transition to “sell-only” mode, and new deposit addresses for these stablecoins will no longer be generated.

By March 17, any outstanding margin positions involving these assets will be automatically closed, while spot trading will be completely disabled by March 24, with all open orders being canceled. After March 31, 2025, any remaining holdings in these assets will be automatically converted to a MiCA-compliant stablecoin, and deposits of these delisted assets will be restricted to withdrawals only.

Kraken, which operates Virtual Asset Service Provider (VASP) services across Germany, Spain, Italy, the Netherlands, Belgium, Ireland, France, and Poland, indicated back in May 2024 that it could delist USDT to align with MiCA laws. 

But it’s now official, and Kraken’s move follows similar actions taken by other major exchanges. As CryptoMode reported, Crypto.com recently announced it would delist USDT along with nine other stablecoins in Europe by January 31, 2025, with users allowed to withdraw their holdings until March 31. 

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Forex Expo Dubai 2025 Conference to Feature 150+ Global FX and Fintech Leaders

Part of the region’s largest forex and fintech gathering, the two-day conference on 6–7 October…

19 minutes ago

Zcash Surges on Privacy Bets

Zcash (ZEC) has erupted past key resistance levels this week, driven by surging derivatives flows…

18 hours ago

Permute Surpasses $1M in Transaction Volume in One Month Since Launch

Bangalore, India, 2nd October 2025, ZEX PR WIRE, Permute, an accessible Bitcoin bridge platform, announced…

1 day ago

Codego Launches Whitelabel Devices Bringing Tokens Into Daily Life

Milan, Italy, 2nd October 2025, ZEX PR WIRE, Codego Group recently disclosed that its Whitelabel…

1 day ago

QMMM SEC Trading Suspension After Crypto Pivot

The U.S. Securities and Exchange Commission has suspended trading in QMMM Holdings Ltd. after weeks…

2 days ago

From Broken Models to Aligned Trading: Afterprime’s Pay-to-Trade Shift

Brokers profit when clients lose — Afterprime 2.0 ends that conflict with the world’s first…

2 days ago