Kraken, the cryptocurrency exchange, currently has no intentions of removing USDT from its European platform.

Cryptocurrency exchange Kraken has confirmed that it currently has no intentions of delisting Tether (USDT) in Europe, despite previous reports suggesting otherwise. Mark Greenberg, the global head of asset growth and management at Kraken, stated on May 18 that the exchange will continue to list USDT in Europe and will comply with all legal requirements, even if it disagrees with them. Greenberg emphasized that the rules surrounding stablecoins are not yet finalized, and Kraken is committed to offering relevant stablecoins to its European customers. This clarification comes in response to a Bloomberg article from May 17, which claimed that Kraken was actively reviewing its plans to comply with the upcoming Markets in Crypto-Assets Regulation (MiCA) framework of the European Union. MiCA’s rules for stablecoins will be implemented on June 30, followed by rules for cryptocurrency service providers on December 30. Despite Kraken’s decision to retain USDT in Europe, one of its main competitors, OKX, delisted USDT in the region in March. Binance also announced plans to delist USDT in compliance with MiCA last September, but it has not yet done so. In April, Kraken discontinued support for the Monero (XMR) privacy token for customers in Belgium and Ireland. Nevertheless, the exchange has been expanding its services in Europe, including securing virtual asset service provider registration in Spain and the Netherlands, as well as an electronic money institution license in Ireland.