Crypto.com has announced plans to delist Tether (USDT) and several other digital assets for European Union customers. This decision aligns with the upcoming Markets in Crypto-Assets (MiCA) regulations, which impose stricter compliance measures on stablecoins and tokenized assets.
The exchange has begun notifying users and advising them to take action before the upcoming deadlines to avoid disruptions.
Delisting Timeline and Affected Assets
The delisting process will occur in phases throughout 2025:
- January 31, 2025 – Users will lose the ability to buy, stake, or exchange affected assets. Trading features like Target Price, TWAP, and Recurring Buy will also be discontinued.
- March 31, 2025 – Customers will no longer be able to sell or withdraw delisted tokens. Any remaining balances will be automatically converted into a USD-backed stablecoin.
Impacted assets include:
- USDT (Tether)
- DAI, PAX, PAXG, WBTC, XSGD, and PYUSD
Crypto.com has encouraged users to review their portfolios and make necessary transactions before the deadlines to avoid forced conversions or liquidity issues.
This move follows growing regulatory oversight on stablecoins in the EU market. MiCA aims to introduce new standards for the issuance and circulation of digital assets, ensuring better transparency and consumer protection.
Crypto.com’s MiCA Compliance and European Expansion
Crypto.com, alongside Bitpanda and OKX, has secured regulatory approval under MiCA, allowing them to continue operating legally in the EU.
Under MiCA’s passporting system, licensed exchanges can offer digital asset services across the European Economic Area (EEA) without requiring additional national approvals.
OKX has already announced plans to introduce OTC trading, spot trading, and automated trading. Meanwhile, Crypto.com has yet to reveal its full EEA strategy but has confirmed ongoing expansion efforts under the new regulatory framework.
Impact on Users and the Crypto Industry
The delisting of USDT and other assets highlights the EU’s commitment to establishing a clear legal framework for stablecoins.
This regulatory shift may push European traders toward compliant alternatives, while some may seek platforms outside MiCA’s jurisdiction to continue using USDT.
Despite potential challenges, Crypto.com remains committed to compliance, working closely with regulators to align with evolving industry standards.
Conclusion: A Necessary Adjustment for Crypto Growth in Europe
While the removal of USDT may inconvenience some users, it represents a necessary shift toward a regulated and transparent crypto environment in Europe.
MiCA regulations increase investor confidence and could pave the way for greater institutional adoption of digital assets. Crypto.com’s proactive approach positions it well for long-term stability and growth in the evolving European market.
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.