Binance, the world’s leading cryptocurrency exchange, has announced that it will be delisting several stablecoins in Europe by March 31, 2025, in order to comply with the European Union’s new Markets in Crypto-Assets (MiCA) regulations. The move impacts nine non-MiCA compliant stablecoins, including major assets such as USDT (Tether), DAI, TUSD, PAXG, and more.
Binance Takes Steps to Align with EU Regulations
In line with MiCA’s strict oversight of the crypto industry, Binance will restrict trading on these stablecoins for users within the European Economic Area (EEA). This means that after March 31, users will no longer be able to trade pairs involving these non-compliant stablecoins on the Binance spot market. However, Binance clarified that users will still be able to hold, withdraw, and convert these stablecoins into MiCA-approved alternatives, such as USDC (issued by Circle) or the euro-backed stablecoin Eurite (EURI).
What Users Need to Know
Although trading in non-MiCA stablecoins will cease, Binance is working to ensure a smooth transition for users. The exchange is advising customers to convert their holdings in non-compliant stablecoins into MiCA-approved options like USDC, or into fiat currencies like the euro, before the deadline. Additionally, Binance users with holdings in Binance Earn, Dual Investment, or Binance Loans are encouraged to take action and transfer their funds to compliant assets ahead of the March 31 cutoff.
This move is part of Binance’s ongoing efforts to align with the regulatory framework and ensure compliance with the EU’s evolving crypto landscape. Binance is also actively working toward securing a MiCA license, which would allow it to operate fully within the European regulatory environment.
As the March 31 deadline approaches, Binance remains committed to helping its users make the necessary adjustments and comply with the new regulations to maintain seamless operations.
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