Crypto.com has announced that it will delist Tether (USDT) and nine other tokens in Europe, aligning with the new Markets in Crypto-Assets (MiCA) regulations. The exchange will stop purchases of these tokens on January 31, 2025, with full delisting set for March 31, 2025.
What This Means for Users
While deposits will be disabled at the end of January, users can still withdraw the affected tokens until the end of Q1 2025. Those holding these assets will need to convert them into MiCA-compliant tokens before the deadline. If not, Crypto.com will automatically swap any remaining balances into a compliant stablecoin or another digital asset of equivalent market value.
Which Tokens Are Affected?
Among the 10 delisted tokens, reports confirm that Wrapped Bitcoin (WBTC) and Dai (DAI) are included. The full list has not been officially disclosed but was reportedly shared in an email notice sent to users on January 28.
Why the Delisting?
The MiCA framework, aimed at standardizing crypto regulations across the European Union, imposes stricter rules on stablecoins and other digital assets. Crypto.com is among the first exchanges to take action, ensuring compliance with the new legal requirements.
What’s Next?
This move signals the growing impact of MiCA regulations on crypto exchanges operating in Europe. More platforms may soon follow suit, making compliance a key factor for digital asset investors.
For now, Crypto.com users in Europe should review their holdings and plan their next steps before the March 31 deadline to avoid automatic conversions.