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Kraken, a leading cryptocurrency exchange, has confirmed that it has no plans to delist Tether (USDT) from its list of trading assets in Europe, despite growing concerns about the stablecoin's stability and regulatory compliance.
This one Get in touch comes amid increased scrutiny in the crypto community and significant regulatory changes.
A Kraken representative recently confirmed the exchange's commitment to support Tether and its trading pairs in Europe, contradicting earlier reports that suggested Kraken might end support for USDT due to the upcoming Markets in Crypto Assets Legislation (MiCA).
The decision underscores Kraken's strategic focus on maintaining liquidity in euros to better serve its European users.
This position is noteworthy, especially since other exchanges such as OKX adjusted their USDT offerings in response to regulatory pressure. Kraken's decision to continue supporting Tether signals its confidence in addressing regulatory challenges while meeting customer needs.
In addition, Kraken is expanding its regulatory reach through the acquisition of TradeStation Crypto, the digital asset division of TradeStation Group within the Monex Group. The move underscores Kraken's ambition to strengthen its market presence and regulatory compliance in the US.