Kraken confirms support for USDT trading pairs in Europe
Date: 2024-05-20 Author: Henry Casey Categories: BUSINESS
Mark Greenberg, head of growth and asset management for cryptocurrency exchange Kraken, confirmed that the platform will continue to serve USDT trading pairs in Europe. This announcement was made in response to growing concerns regarding the possible withdrawal of support for this stablecoin by the exchange.
USDT support in Europe
Greenberg emphasized that Kraken will remain committed to its European clients by maintaining access to USDT. He also emphasized the exchange’s readiness to comply with all regulatory requirements, including the upcoming regulation under the MiCA regulation.
This announcement was prompted by reports that Kraken may no longer support USDT in light of regulatory changes proposed under the European cryptocurrency legislation MiCA.
Compliance with Laws
Greenberg emphasized that Kraken will adhere to all legal rules and regulations. However, since the new rules have not yet been approved, the company continues to work to provide access to popular stablecoins for its European customers.
This announcement comes in light of the decision of another crypto exchange, OKX, to stop supporting USDT trading pairs in the European Economic Area (EEA) in March 2024. Preliminarily, OKX cited regulatory requirements as the reason for this decision.
