Crypto.com Delists USDT and Nine Tokens in Europe Under MiCA Regulations

Crypto.com has become one of the first exchanges to remove Tether’s USDT and nine other cryptocurrencies from its European platform following the Markets in Crypto-Assets (MiCA) regulation rollout.

The exchange confirmed that purchases of USDT and the affected tokens will be suspended on January 31, with withdrawals remaining available until March 31, 2025, after which full delisting will take place.

Under MiCA’s strict stablecoin regulations, Crypto.com users holding non-compliant assets must convert them to approved alternatives before the March 31 deadline. Any remaining holdings will be automatically swapped into a compliant stablecoin or asset of equivalent market value.

Alongside USDT, the delistings include Wrapped Bitcoin (WBTC), Dai (DAI), Pax Dollar (PAX), Pax Gold (PAXG), PayPal USD (PYUSD), Crypto.com Staked ETH (CDCETH), Crypto.com Staked SOL (CDCSOL), Liquid CRO (LCRO), and XSGD (XSGD).

READ MORE:

Top 5 Reasons Why a U.S. Bitcoin Reserve Could Become Reality

The move aligns with guidance from the European Securities and Markets Authority (ESMA), which has urged crypto platforms to phase out non-MiCA-compliant stablecoins by March 31. Coinbase was among the first major exchanges to delist USDT in October 2024, later offering conversion options to MiCA-compliant stablecoins like Circle’s USDC.

Since MiCA regulations took full effect on December 30, many European crypto service providers have either secured MiCA licenses or are working toward compliance, with Crypto.com actively pursuing licensing in Malta.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.