Gushiken Yona
European Economic Area (EEA) users of Binance face changes to USDT trading, as the exchange removes trading pairs while ensuring continued access to deposits and withdrawals.
The changes, announced by Binance, are in preparation for the upcoming Markets in Crypto-Assets (MiCA) regulations within the European Union. While the delisting of USDT trading pairs might initially seem restrictive, Binance is emphasizing that this is a trading adjustment, not a restriction on user funds.
Binance USDT Trading Pair Adjustments in the EEA
Effective March 31, 2025, at 23:59 (UTC), Binance will remove all spot trading pairs that include USDT for users within the EEA. This means users will no longer be able to directly trade USDT against other cryptocurrencies or fiat currencies on the Binance spot exchange.
However, and this is a crucial distinction, USDT deposits and withdrawals will remain fully functional. Users will retain full custody of their USDT holdings and will be able to send and receive USDT as usual.
Alternatives to USDT: Binance MiCA-Compliant Options
Binance is actively encouraging users to transition their USDT holdings to MiCA-compliant alternatives, primarily highlighting USDC (a regulated stablecoin) and EUR (Euro fiat currency). The exchange is offering several incentives to facilitate this shift:
- Zero-Fee Trading: Zero fees on BNB/USDC, ETH/USDC, and SOL/USDC pairs for VIP 2-9 users and spot liquidity providers.
- Reduced Taker Fees: Lower taker fees for USDC spot and margin trading pairs.
- USDC Rewards: A 1,000,000 USDC reward pool for users who buy and trade USDC or EURI.
- Binance Earn: Up to 15% APR on USDC Simple Earn Flexible Products.
These promotions aim to make the transition to USDC and EUR as appealing as possible. Binance Convert will also remain available for users who wish to sell their USDT for other supported currencies.
Impact on Binance Margin, Earn, and Loans with USDT
For margin traders, the changes are more immediate. From March 27, 2025, at 07:00 (UTC), all USDT margin trading pairs will be delisted. Binance will automatically convert any remaining USDT assets and liabilities in Cross Margin accounts to USDC at a fixed 1:1 rate. Isolated Margin positions in USDT will be closed, liabilities repaid, and pending orders canceled.
Binance Earn and Loans users are also advised to convert their USDT holdings and collateral to compliant alternatives before March 31, 2025. Trading Bots services for USDT spot pairs will be terminated on the same date.
Binance’s approach to the USDT trading pair delistings in the EEA underscores a commitment to both regulatory compliance and user choice. By maintaining full deposit and withdrawal functionality for USDT, while simultaneously incentivizing the adoption of MiCA-compliant alternatives, Binance is aiming for a smooth transition that minimizes disruption for its users. The focus is on providing options and clear communication, rather than imposing abrupt restrictions.
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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
