Key Points

• Binance discontinued spot trading pairs with USDT and other non-MiCA-compliant tokens in the EEA.
• However, EEA Binance users can still custody affected tokens and trade them in perpetual contracts.

According to the latest reports, Binance has discontinued spot trading pairs with Tether (USDT) and other non-MiCA-compliant tokens for users in the European Economic Area (EEA).

However, the good news is that users in the region can still custody the non-compliant tokens, while being able to trade them in perpetual contracts.

USDT is now available for perpetual trading on Binance.

The Delisting Plan, Disclosed in March

The non-MiCA-compliant tokens delisting plan was disclosed by Binance at the beginning of last month, with the initial announcement revealing that the exchange would delist spot trading pairs for these tokens for EEA users on March 31.

The notes revealed the delisting of spot pairs with nine stablecoins, including USDT, in a move to become MiCA regulations compliant.

In the official announcement, Binance revealed that the impacted assets are the following:

• USDT
• FDUSD
• TUSD
• USDP
• DAI
• AEUR
• XUSD
• PAXG

Binance also noted that MiCA-compliant stablecoin pairs, including USDC and EURI, and fiat pairs (EUR) will remain available and unchanged.

The exchange encouraged users to convert remaining non-MiCA-compliant stablecoin holdings to USDC, EURI, and EUR.

Binance said that starting at 23:59 (UTC), it will restrict the availability of the spot trading pairs for the tokens that are not compliant with the new MiCA regulations, as follows:

• From that time onwards, non-MiCA-compliant stablecoins will be available to trade in Spot pairs
• Non-MiCA-compliant spot pairs will be fully delisted
• All pending Binance spot orders will be canceled within 48 hours

Other EEA Exchanges Delist Non-Compliant Tokens

Apart from Binance, other crypto exchanges, including Kraken, have delisted the non-compliant tokens. Crypto.com and other exchanges announced the delisting of such tokens as well.

However, it’s important to note that last month, a spokesperson for the ESMA said that custody and transfer services for non-compliant stablecoins do not violate the new European laws.

The representative added that the services are not explicitly prohibited under Titles III and IV of MiCA.