OKX to Halt USDT Trading Pairs in European Economic Area
OKX, the world's fourth-largest cryptocurrency exchange by trading volume, is discontinuing tether (USDT) trading pairs in the European Economic Area (EEA) as the European Union (EU) prepares to implement new cryptocurrency regulations.
The move comes ahead of the scheduled enforcement of MiCA, a comprehensive regulatory framework set to take effect on December 30, 2024, which will impose restrictions on certain stablecoins within the region.
According to reports, a European trader received an email notifying them of OKX’s decision to cease support for USDT trading pairs.
Although OKX’s website indicated that USDT pairs were still available in the EEA as of March 15, customer support confirmed that tether became inaccessible to EEA traders starting March 14.
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While the email from OKX did not explicitly attribute the delisting to MiCA, it mentioned, “Please note that not all tokens are available in all markets due to regulatory requirements.”
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
