Kraken USDT Support Now Continues Amid Legal Challenges In Europe
Investing Latest News News

Kraken USDT Support Now Continues Amid Legal Challenges In Europe

  • Kraken denies plans to delist Tether (USDT) in Europe, maintaining support despite regulatory uncertainties.
  • The exchange is prepared to comply with the EU’s MiCA regulations, but Kraken USDT support will continue.
  • Kraken acquires TradeStation Crypto and plans a European headquarters in France or Ireland.

Kraken, a leading cryptocurrency exchange, has officially denied any plans to delist Tether (USDT) in Europe despite increasing regulatory uncertainties.

Kraken USDT Support Guaranteed in Europe

The announcement of Kraken USDT support comes as the cryptocurrency world faces growing concerns about the reliability and compliance of stablecoins like Tether.

The European Union’s approval of the Markets in Crypto-Assets (MiCA) framework has prompted exchanges to reassess their strategies to ensure compliance. 

Kraken’s Global Head of Regulatory Strategy, Marcus Hughes, emphasized that the exchange is prepared to meet emerging regulatory needs but clarified that there are currently no plans to delist Tether or modify its USDT trading pairs in Europe.

Hughes reiterated Kraken’s commitment to supporting Tether and its related trading pairs, stating that the exchange has no intention of withdrawing Kraken USDT support at this time. 

See Also: Kraken Considers Ending USDT Support In The EU

This reassurance contrasts with earlier reports suggesting Kraken might cease support for Tether due to regulatory pressures.

Kraken Expands with New Acquisitions and Headquarters

The exchange’s stance is significant as it impacts investor sentiment and market dynamics within the crypto ecosystem. 

Regulatory scrutiny of stablecoins like USDT has intensified, and Kraken’s position provides some stability amidst the uncertainty.

Kraken is also expanding its regulatory footprint by acquiring TradeStation Crypto and finalizing plans for its European headquarters, which are likely to be located in either France or Ireland. This move aims to bolster its regulatory compliance and better serve its European clients.

Kraken’s decision to continue supporting Tether in Europe reflects its strategic approach to navigating regulatory landscapes while maintaining liquidity and service quality for its European users.

Disclaimer: The information provided is not trading advice. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.