{"id":30894,"date":"2024-05-17T19:19:35","date_gmt":"2024-05-17T19:19:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/kraken-considers-ending-usdt-support-in-the-eu\/"},"modified":"2024-05-17T19:19:35","modified_gmt":"2024-05-17T19:19:35","slug":"kraken-considers-ending-usdt-support-in-the-eu","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/kraken-considers-ending-usdt-support-in-the-eu\/","title":{"rendered":"Kraken considers ending USDT support in the EU"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/tether-usdt-symbol-smartphone-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/tether-usdt-symbol-smartphone-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/tether-usdt-symbol-smartphone-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/tether-usdt-symbol-smartphone-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Kraken is reportedly considering pulling support for the stablecoin USDT in Europe.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The exchange\u2019s plans come amid the push for compliance ahead of EU\u2019s crypto regulations MiCA.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Crypto exchange OKX ended its USDT trading support in the EU in March.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/kraken\/\">Kraken<\/a> is considering a move that would see the crypto exchange end its support for the Tether (USDT) stablecoin in Europe.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A Bloomberg report published on Friday, May 17, noted that the crypto exchange was \u201cactively reviewing\u201d this position.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Kraken eying USDT delisting ahead of EU\u2019s MiCA rules<\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to the <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-17\/kraken-actively-reviewing-tether-s-status-under-new-eu-rules?utm_content=crypto&amp;utm_medium=social&amp;utm_source=twitter&amp;utm_campaign=socialflow-organic\" target=\"_blank\" rel=\"nofollow noopener\">report<\/a>, Kraken is looking at ending USDT support for the market ahead of the region\u2019s <a href=\"https:\/\/coinjournal.net\/news\/can-mica-rules-help-the-struggling-cryptocurrency-industry\/\">Markets in Crypto-Assets (MiCA) regulation roll out date<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The delisting of USDT for the exchange\u2019s EU users is part of the compliance procedure. <\/span><\/p>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/exchanges\/\">Crypto exchanges<\/a> and other providers with operations in the EU know that MiCA\u2019s stablecoin rules are set to come into effect on June 30, 2024. The comprehensive regulatory framework also includes rules targeted at cryptocurrency service providers \u2013 these will take effect on December 30, 2024.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Kraken is \u201cabsolutely planning for all eventualities,\u201d Marcus Hughes, the exchange\u2019s global head of regulatory strategy, told Bloomberg. The crypto platform will take a firm position on this in due course, the official added.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If it takes this step, Kraken will join OKX which ended support for USDT trading pairs on its European platform in March.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Tether is currently the world\u2019s largest USD-pegged stablecoin with over $110 billion in market cap, accounting for 68.7% of the $160 billion market. According to data from CoinGecko, USDT is currently available across 347 exchanges.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/kraken-considers-ending-usdt-support-in-the-eu\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Kraken is reportedly considering pulling support for the stablecoin USDT in Europe. The exchange\u2019s plans come amid the push for compliance ahead of EU\u2019s crypto regulations MiCA. Crypto exchange OKX ended its USDT trading support in the EU in March. Kraken [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":30895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/30894"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=30894"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/30894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/30895"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=30894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=30894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=30894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}