The cryptocurrency exchange Binance has announced plans to remove non-MiCA compliant stablecoin trading pairs for users in the European Economic Area (EEA) starting April 1, 2025.
Non-MiCA Stablecoins Will Be Unavailable in EEA
In light of the MiCA regulations, Binance is implementing significant changes to its stablecoin market. As of 02:59 UTC on April 1, 2025, trading pairs for USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG will be completely removed for EEA users. Users will have the opportunity to convert their stablecoins to MiCA-compliant options or Euros before this date.
Impact on Margin Trading and Earnings Products
The decision will also affect Binance Margin, as margin trading for non-MiCA stablecoins will cease on March 27, 2025, at 11:00 UTC. Users are encouraged to convert their existing positions to USDC. After the specified date, Binance will automatically convert non-MiCA assets in cross and isolated margin accounts to USDC and will cancel all open orders. Conversion rates will be set at 1:1 for USDT and FDUSD, while other assets will be calculated based on market prices.
Binance Campaigns to Encourage MiCA-Compliant Asset Use
Additionally, Binance has initiated zero trading fee campaigns and reward programs to encourage the use of USDC and EURI before the deadline. Users can benefit from various promotions by trading these assets.
These changes are designed to align with MiCA standards and offer users a smooth transition to MiCA-compliant assets on the Binance platform in the European Economic Area.
