Binance To Delist Non-MiCA Compliant Stablecoin Trading Pairs In Europe
Cryptocurrency exchange giant Binance again nabbed significant investor attention with its latest announcement on Monday. The crypto trading platform revealed that it will be delisting all non-MiCA-compliant stablecoin trading pairs in the EEA (European Economic Region) shortly.
Binance To Delist Non-MiCA Compliant Stablecoin Trading Pairs In EEA
According to an official Binance announcement on March 3, the crypto exchange is implementing changes to non-MiCA-compliant stablecoin trading pairs in the EEA region. As per the announcement, trading pairs with USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG will be delisted for EEA users on March 31.
However, MiCA-compliant stablecoins pairs, such as USDC, EURI, and fiat pairs (EUR) will remain available. Simultaneously, the crypto exchange also urged EEA users to convert any remaining non-MiCA compliant stablecoin holdings (e.g., USDT) to USDC, EURI, or EUR.
Why Is Binance Delisting Stablecoin Trading Pairs?
Meanwhile, it’s also noteworthy that Binance rolled out its latest delisting announcement following recent stablecoin-related guidelines from EU authorities. As a result, the top crypto exchange is making changes to the availability of non-MiCA-compliant stablecoins in the EEA.
What’s More?
Starting March 31 at 23:59 UTC, the exchange will restrict the availability of Spot trading pairs pegged to non-MiCA Compliant Stablecoins. Further, starting March 27 at 07:00 UTC, any non-MiCA compliant Margin trading pairs will also be delisted for EEA users.
Other services like trading bots, earn, and loans will also be impacted for users. Nevertheless, the exchange clarified that users will still be able to sell any remaining non-MiCA-compliant stablecoin holdings after March 31.
Binance Continues Modifying Trade Offerings
Simultaneously, with the abovementioned endeavor weighing in, the leading cryptocurrency exchange further cements its top ranking in the market. Notably, Binance has secured the top spot by constantly enhancing trade offerings in line with market needs.
CoinGape recently reported that the exchange extended support to the Ethernity Chain (ERN) token swap process, sparking an ERN price upswing. On the other hand, the CEX also delisted key BNB and ETH trading pairs, adding to its foray into revolutionized offerings.
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