Crypto.com Delists USDT and Nine Tokens in Europe Under MiCA Regulations

Crypto.com has become one of the first exchanges to remove Tether’s USDT and nine other cryptocurrencies from its European platform following the Markets in Crypto-Assets (MiCA) regulation rollout.

The exchange confirmed that purchases of USDT and the affected tokens will be suspended on January 31, with withdrawals remaining available until March 31, 2025, after which full delisting will take place.

Under MiCA’s strict stablecoin regulations, Crypto.com users holding non-compliant assets must convert them to approved alternatives before the March 31 deadline. Any remaining holdings will be automatically swapped into a compliant stablecoin or asset of equivalent market value.

Alongside USDT, the delistings include Wrapped Bitcoin (WBTC), Dai (DAI), Pax Dollar (PAX), Pax Gold (PAXG), PayPal USD (PYUSD), Crypto.com Staked ETH (CDCETH), Crypto.com Staked SOL (CDCSOL), Liquid CRO (LCRO), and XSGD (XSGD).

The move aligns with guidance from the European Securities and Markets Authority (ESMA), which has urged crypto platforms to phase out non-MiCA-compliant stablecoins by March 31. Coinbase was among the first major exchanges to delist USDT in October 2024, later offering conversion options to MiCA-compliant stablecoins like Circle’s USDC.

Since MiCA regulations took full effect on December 30, many European crypto service providers have either secured MiCA licenses or are working toward compliance, with Crypto.com actively pursuing licensing in Malta.