Crypto Scoop
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🚨 BREAKING NEWS 🚨
Big changes are coming for crypto traders in Europe! Binance has announced that it will stop USDT spot trading for users in the European Economic Area (EEA) by March 31, 2025 to comply with the MiCA regulations (the EU's new crypto laws).
🔹 What does this mean?
You can't buy USDT on Binance in Europe anymore.
You can still sell or withdraw USDT until the deadline.
Other stablecoins like USDC and EURI (which follow MiCA rules) are still available.
🔹 Why is this happening?
MiCA regulations require stablecoins to hold strict 1:1 reserves in liquid assets and have banking requirements that Tether (USDT) doesn’t fully meet. Binance had no choice but to remove USDT to stay within EU law.
🔹 What about perpetual contracts?
Good news! Perpetual contracts with USDT will still be available, so traders can still use leverage on Binance.
Some traders are worried this will hurt USDT's dominance, while others think it could boost USDC and other MiCA-compliant stablecoins. What do you think? Is this the beginning of the end for USDT in Europe? Let’s talk! 💬👇
#BinanceEurope #SpotTrading
Big changes are coming for crypto traders in Europe! Binance has announced that it will stop USDT spot trading for users in the European Economic Area (EEA) by March 31, 2025 to comply with the MiCA regulations (the EU's new crypto laws).
🔹 What does this mean?
You can't buy USDT on Binance in Europe anymore.
You can still sell or withdraw USDT until the deadline.
Other stablecoins like USDC and EURI (which follow MiCA rules) are still available.
🔹 Why is this happening?
MiCA regulations require stablecoins to hold strict 1:1 reserves in liquid assets and have banking requirements that Tether (USDT) doesn’t fully meet. Binance had no choice but to remove USDT to stay within EU law.
🔹 What about perpetual contracts?
Good news! Perpetual contracts with USDT will still be available, so traders can still use leverage on Binance.
Some traders are worried this will hurt USDT's dominance, while others think it could boost USDC and other MiCA-compliant stablecoins. What do you think? Is this the beginning of the end for USDT in Europe? Let’s talk! 💬👇
#BinanceEurope #SpotTrading
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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