Bitcoin

USDC

Read

Chainlink

<ul>
 <li>Crypto exchange OKX is gradually stopping USDT trading pairs.</li>
 <li>OKX supports the launch of euro (EUR) fiat currency on-ramp service.</li>
 <li>The European Union is planning to embrace a cryptocurrency.</li>
</ul>
On Monday, March 18 2024, OKX the platform offered crypto spot trading only with USDC and euro pairs, while USDT can only be traded against USDC and euro, CoinDesk confirmed via an EU-based OKX account.
But an OKX spokesperson said the move was prompted by OKX’s decision to focus on euro-denominated liquidity in the region. USDT remains available on the platform for EEA-based users to deposit and withdraw, as well as buy, sell, and convert on trades over-the-counter (OTC), added the exchange representative.
USDT now valued at around $100 billion is the largest stablecoin by trading volume and is a key part of the crypto trading infrastructure on centralized exchanges, being the most liquid trading pair for bitcoin (BTC) and other crypto assets.
<a href="https://cryptonewsland.com/okx-exchange-to-compensate-affected-sui-customers/" rel="noopener noreferrer nofollow">OKX founder</a> StarXu allegedly outlined the exchange’s cautious stance, emphasizing their focus on finding valuable and early-stage utility tokens for their customers.
“Let me be clear, the vision of the OKX listing team is to find early-stage utility tokens that are valuable for our customers. We do not accept offers for delisting, we research potential projects from the market and continue to track token performance for a long time,” says StarXu in a tweet.
According to StarXu, OKX’s listing team did all of that as a regular procedure before making any listing decision. OKX claims that this change only affects a small portion of its user base.
Additionally, OKX added that their crypto exchange has expanded its product offerings in the European economic area, introducing a variety of euro fiat currencies, and euro trading pairs to customers in this region.
The news of OKX USDT delisting from the European Economic Area comes at a time when the European Union is planning to embrace a comprehensive regulatory system for cryptocurrencies.
Agreeing to the plan, the usage of the European Union’s new crypto regulatory regime (MiCA) will take full impact on December 30, 2024. The direction will restrain the utilization of certain stablecoins inside the European Union.
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/the-european-union-places-strict-crypto-measures-on-banks/" rel="noopener noreferrer nofollow">The European Union Places Strict Crypto Measures on Banks</a></li>
 <li><a href="https://cryptonewsland.com/xrps-road-to-reclaiming-ath-insights-and-timeline-unveiled/" rel="noopener noreferrer nofollow">XRP’s Road to Reclaiming ATH: Insights and Timeline Unveiled</a></li>
 <li><a href="https://cryptonewsland.com/western-union-adopts-ripples-xrp-ledger-for-cross-border-transactions/" rel="noopener noreferrer nofollow">Western Union Adopts Ripple’s XRP Ledger for Cross-Border Transactions</a></li>
 <li><a href="https://cryptonewsland.com/idaho-central-credit-union-now-accepts-bitcoin-transactions/" rel="noopener noreferrer nofollow">Idaho Central Credit Union Now Accepts Bitcoin Transactions</a></li>
 <li><a href="https://cryptonewsland.com/chainlink-set-to-skyrocket-as-bitcoin-approaches-29k-value-area/" rel="noopener noreferrer nofollow">Chainlink Set to Skyrocket as Bitcoin Approaches $29K Value Area</a></li>
</ul>
The post <a href="https://cryptonewsland.com/okx-will-gradually-stop-trading-usdt-pairs-in-the-european-union/" rel="noopener noreferrer nofollow">OKX Will Gradually Stop Trading USDT Pairs in the European Union</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

OKX Will Gradually Stop Trading USDT Pairs in the European Union

Crypto News Land

Άλλα άρθρα που δημοσιεύτηκαν στις 19 Μαρ 2024

ARB And OP Remain Stable Despite Ethereum Network Upgrade; Rebel Satoshi ($RBLZ) Holders Are Exci...

When Will BNB Surpass the $2K Milestone?

Time To Buy The Dip Says Top Crypto Analyst, Altcoins On the Move

Arbitrum (ARB) Market Cap Hits ATH Despite Correction, Is a Rally Looming?

MicroStrategy Buys More Bitcoin: What's Going On With The Stock?

Japan’s $1.4T Pension Funds Wants a Taste of Bitcoin (BTC) Pie

Join our free newsletter for daily crypto updates!