Binance, the largest cryptocurrency exchange by trading volume, has decided to remove all trading pairs for nine stablecoins in the European Economic Area (EEA).
The latest announcement comes as a measure to comply with the requirements of the European regulatory authorities, Market in Crypto Assets (MiCA), for stablecoins that are yet to meet the regulators’ stipulated guidelines.
While assuring EEA customers of continued service for assets fully compliant with MiCA’s requirements, Binance said the affected stablecoins include USDT, PAXG, USDP, DAI, FDUSD, AEUR, USTC, DUSD, and TSUD.
Binance Issues Stern Warning
The firm warned that all pending non-compliant spot trading pairs on the list will be canceled on March 31, 2025. It urged users still holding non-compliant assets to convert them to compliant stablecoin pairs like USDC and EURI, or fiat pairs like EUR.
On March 27, at 7 AM GMT, the crypto exchange will fully delist any non-compliant margin trading pair. Binanceians are urged to protect their funds by converting any assets and liabilities that have yet to comply with regulatory guardrails to USDC before the aforementioned date.
Fund Protection Guide
Users who have yet to withdraw assets from Binance Earn and Loan Investment Holdings are advised to transition to USDC or any other MiCA-compliant token on or before March 31, otherwise, sell any remaining collateral via Binance Convert only, after the aforementioned date. EEA users are therefore strongly advised to close all positions before the delisting date and time to avoid automatic settlement.
Recently, the exchange delisted Fantom Token trading pairs after it launched Binance Alpha within its wallet app, designed to boost transparency and allow users to make decisions through engagement and feedback. The new platform also allows FTM users to switch to the Sonic(S) trading pair. Replacing Fantom with ticker (S).
Binance native token BNB currently has a market circulation of $142.47 million, pushing a daily trading volume of $2.43 billion.
