Binance Delists Non-MiCA Stablecoins in EEA

Coin WorldMonday, Mar 3, 2025 4:15 am ET

1min read

Binance, the world's largest cryptocurrency exchange, has announced a significant adjustment to its trading services in the European Economic Area (EEA) to comply with the latest European Union regulatory requirements on stablecoins. The exchange will restrict the trading of non-MiCA (Markets in Crypto-Assets Regulation) compliant stablecoins, affecting a range of popular assets including USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG.

Starting from March 27, 2025, at 15:00 Beijing time, Binance will delist all non-MiCA-compliant leveraged trading pairs. The exchange will automatically convert users' relevant assets and liabilities into USDC and cancel all unfilled orders. This change will be followed by the delisting of non-MiCA-compliant stablecoin spot trading pairs starting from March 31, 2025, at 07:59 Beijing time. Users will still be able to sell remaining assets via Binance Convert.

MiCA-compliant stablecoin trading pairs, such as USDC and EURI, and fiat trading pairs like EUR, will continue to be available and unaffected by these changes. Binance recommends that users promptly convert their holdings of non-MiCA-compliant stablecoins, such as USDT, to USDC, EURI, or EUR. The custody function for non-MiCA-compliant stablecoins will still be retained, allowing users to access these assets at any time.

The European Union's Markets in Crypto-Assets Regulation (MiCA) is set to come into effect in 2023, aiming to create a comprehensive regulatory framework for crypto-assets in the EEA. Binance's decision to adjust its services in line with MiCA demonstrates the exchange's commitment to compliance with relevant regulations and its ongoing efforts to provide a secure and reliable trading environment for its users.

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