Crypto.com to Delist USDT in EU Amid Stricter MiCA Rules

Crypto.com has announced plans to delist Tether (USDT) and several other digital assets for customers in the European Union. This decision aligns with upcoming Markets in Crypto-Assets (MiCA) regulations, which enforce stricter compliance standards.

The exchange has started notifying users, urging them to take action before the upcoming deadlines.

Delisting Timeline and Affected Assets

Crypto.com will begin removing USDT and other impacted assets from its platform in phases throughout 2025. Starting January 31, 2025, users will no longer be able to buy, stake, or exchange these assets.

Additionally, trading features such as Target Price, TWAP, and Recurring Buy will be discontinued. By March 31, 2025, customers will also lose the ability to sell or withdraw these tokens from their accounts.

Crypto.com has confirmed that any remaining balances will be automatically converted into a USD-backed stablecoin. The company advises users to review their portfolios and make necessary transactions before these dates to prevent any forced conversions or liquidity issues.

The delisting includes multiple stablecoins and tokenized assets such as DAI, PAX, PAXG, WBTC, XSGD, and PYUSD. Crypto.com’s move follows increasing regulatory oversight on stablecoins in the EU.

MiCA regulations set new standards for the issuance and circulation of digital assets across European markets.

Crypto.com’s MiCA Compliance and EEA Expansion

Crypto.com, Bitpanda, and OKX have secured regulatory approval under the EU’s MiCA framework, ensuring continued operations within the region. These licenses allow them to offer digital asset services while adhering to updated compliance requirements.

Crypto.com has reaffirmed its commitment to maintaining regulatory standards as it expands across Europe. MiCA’s passport feature enables licensed exchanges to operate across the European Economic Area (EEA) without additional national approvals.

OKX has already announced plans to introduce OTC trading, spot trading, and automated trading. It is also optimizing its website and mobile platform to cater to regional users.

Crypto.com has yet to disclose its full suite of services for the EEA market. However, the exchange has confirmed that it will continue expanding its offerings under MiCA regulations. The platform remains focused on regulatory compliance while ensuring a smooth transition for its European customer base.

Impact on Users and Industry

The delisting of USDT and other assets underscores the EU’s efforts to regulate stablecoins under a clear legal framework. These changes may push European traders toward other compliant digital assets.

Some investors might shift toward alternative platforms that continue offering USDT outside MiCA’s jurisdiction. Crypto.com has emphasized the importance of regulatory compliance as part of its long-term growth strategy.

The company continues working with regulators to meet evolving industry standards. This move signals a broader shift in how crypto exchanges operate under tightening global regulations.

FAQs