Coinbase to Restrict Stablecoin Trading in Europe Starting December 2024
01.12.2024 19:00 1 min. read Alexander Zdravkov
Coinbase has notified its European customers about upcoming restrictions on certain stablecoins, which will be enforced due to the upcoming Markets in Cryptoassets (MiCA) regulatory framework.
These changes will apply to users of Coinbase Europe Limited and Coinbase Germany GmbH, starting on December 13, 2024, at 11:59 AM ET.
In the notification sent to users, Coinbase explained that several stablecoins will be restricted because they do not meet the requirements set out by MiCA. The affected stablecoins include USDT, PAX, PYUSD, GUSD, GYEN, and DAI, which will be categorized as “MiCA-restricted assets.”
Although services for these restricted stablecoins will be suspended, Coinbase assured customers that USDC and EURC, which are compliant with MiCA regulations, will remain available for trading, storage, and transfers.
Starting December 13, 2024, Coinbase Europe Limited and Coinbase Germany GmbH users will no longer be able to trade, buy, or exchange the restricted stablecoins. Additionally, users will not be able to store these assets on Coinbase’s platform, and transfers of these stablecoins to Coinbase accounts will be blocked.
-
1
XRP Faces Pressure as Network Growth Slows and Bearish Patterns Form
21.04.2025 8:00 2 min. read -
2
SHIB Approaches Critical Breakout Point After Prolonged Quiet Phase
28.04.2025 20:00 2 min. read -
3
Bold Dogecoin Predictions From 21Shares After ETF Filing
02.05.2025 22:00 2 min. read -
4
Standard Chartered Predicts Sharp Rise for BNB as Institutional Momentum Builds
08.05.2025 9:00 1 min. read -
5
DOOD Token Launch Triggers NFT Market Frenzy
09.05.2025 12:00 2 min. read
SUI Price Prediction: Is $5 The Next Target for Solana’s Biggest Rival?
Sui (SUI) has surged by 81.5% in the past month and has jumped to the 11th place in the list of most valuable cryptocurrencies as per data from CoinMarketCap. The launch of the SUI Trust by Grayscale and the submission of an application by 21Shares for a SUI-linked exchange-traded fund (ETF) were some of the […]
Crypto Market Nears Key Turning Point as Altcoin Rebound Looms
The cryptocurrency market appears to be entering a critical phase, with analysts suggesting that one last corrective move may be the precursor to a significant rally — particularly among altcoins.
Bitcoin Price Prediction: Polymarket Odds Favor a Push Toward $130K for BTC
Bitcoin (BTC) has been a bit volatile in the past 24 hours as the performance of the crypto has swung from green to red multiple times throughout the session. There has been some strong selling pressure today as the price hit the $105,000 level as BTC now stands just 3.8% away from its January 20 […]
Pavel Durov Exposes European Government’s Attempt to Muzzle Political Speech
Telegram founder Pavel Durov has revealed that he pushed back against pressure from a Western European government to censor political content on the messaging app in the lead-up to Romania’s presidential election.
-
1
XRP Faces Pressure as Network Growth Slows and Bearish Patterns Form
21.04.2025 8:00 2 min. read -
2
SHIB Approaches Critical Breakout Point After Prolonged Quiet Phase
28.04.2025 20:00 2 min. read -
3
Bold Dogecoin Predictions From 21Shares After ETF Filing
02.05.2025 22:00 2 min. read -
4
Standard Chartered Predicts Sharp Rise for BNB as Institutional Momentum Builds
08.05.2025 9:00 1 min. read -
5
DOOD Token Launch Triggers NFT Market Frenzy
09.05.2025 12:00 2 min. read