At BitDelta, we are committed to providing our users with a secure and seamless trading experience. Complying with the latest regulatory directives from the European Union to delist and restrict non-MiCA compliant stablecoins, we restricted the availability of certain stablecoins for users in the European Economic Area (EEA).
In case you missed it, USDT (Tether)—a non-MiCA compliant stablecoin—was restricted on BitDelta this week, as per the new regulations outlined under the Markets in Crypto-Assets (MiCA) framework. As a result, USDT is no longer supported for trading, conversion, or staking on BitDelta for EEA users.
What’s Changed for EEA Users?
The following restrictions on USDT are now in effect for all EEA-based users:
- Spot Trading: USDT trading pairs have been delisted on BitDelta.
- Staking Services involving USDT are discontinued.
- Derivatives Trading: USDT is not eligible for conversion to USD for margin funding purposes.
- OTC: USDT has been delisted for OTC Simple and OTC Leverage.
- USDT Conversions are no longer supported on BitDelta.
- USDT can still be deposited and withdrawn, but trading and conversion functionalities are no longer available on BitDelta.
Note: These changes apply exclusively to EEA users; non-EEA users remain unaffected.
What Should You Do Now as an EEA User?
If you still hold USDT in your account and haven’t yet converted it, we strongly recommend the following actions:
- Withdraw your USDT if you plan to hold it externally.
- Avoid initiating services that depend on USDT, as they are no longer functional on BitDelta for EEA users.
Why This Matters
The Markets in Crypto-Assets (MiCA) framework aims to clarify and maintain consistency across the EU when dealing with crypto assets. Only stablecoins that meet MiCA’s compliance requirements—such as USDC—can continue to be supported for full functionality.
These changes help reinforce transparency, reduce risk, and ensure that exchanges like BitDelta comply with global regulatory standards.
USDT’s restrictions for EEA users is a significant change and paves the way for a more regulated, resilient ecosystem. BitDelta will continue to support MiCA-compliant stablecoins and ensure that users across regions can trade confidently and securely.
For any questions or assistance, contact our support team at [email protected].
