Kraken, the second largest cryptocurrency exchange in the United States, announced that it will continue to list Tether (USDT) on the European market despite regulatory uncertainties.
The announcement comes in response to recent news suggesting that Kraken may cancel its support for USDT in the EU region in line with upcoming EU CryptoAsset Markets (MiCA) rules.
Mark Greenberg, Kraken's Global Head of Asset Growth and Management, clarified the company's stance in a statement:
“Let's be clear: Kraken continues to list USDT in Europe and we have no plans to delist at this time. We know our European customers value access to USDT and we continue to evaluate all options to offer USDT in the upcoming system.”
Greenberg emphasized that Kraken will comply with all legal requirements, even those it disagrees with, but the rules are not yet finalized. “We continue to do everything we can to continue offering all relevant stablecoins to our European customers,” he added.
This announcement follows OKX's decision in March to delist most of its USDT trading pairs in the EU.
*This is not investment advice.