In a strategic move ahead of regulatory changes, OKX, the fourth-largest global cryptocurrency exchange, has decided to discontinue USDT trading pairs in the European Economic Area (EEA).
The decision, aimed at aligning with forthcoming Markets in Crypto-Assets (MiCA) regulations, reflects the exchange’s focus on euro-denominated liquidity within the region. OKX aims to become the preferred venue for euro to crypto spot trading and plans to expand its product offering in the EEA by introducing a variety of Euro fiat onramps and Euro pairs.
OKX Aligns with MiCA: USDT Trading Suspension Signals Compliance Efforts
The discontinuation of USDT trading pairs is expected to impact users located in the EEA, and the prohibition will be fully enforced until December 30, 2024. This move signifies a proactive stance by OKX and other exchanges towards complying with local and international financial regulations, particularly in light of the MiCA framework.
MiCA is a comprehensive reg
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