- Binance will delist non-MiCA stablecoins in the EU, urging users to swap for USDC or EURI.
- Margin and spot trading for non-MiCA stablecoins will end by March 2025, with forced USDC conversions.
- Binance offers zero-fee USDC trading and rewards to ease the transition to MiCA compliance.
Binance will partially stop supporting stablecoins in the EU in compliance with the Markets in Crypto-Assets (MiCA). These include USDT, FDUSD, TUST, USDP, DAI, AEUR, UST, USTC, and PAXG. Before the deadline was enforced, Binance suggested users to trade these assets for other tokens that meet MiCA requirements, including USDC and EURI.
From march 27, 2025, there will be the termination of margin trading in all tokens.. If the users do not swap these assets, Binance will convert them into USDC automatically. It applies also for cross-margin and isolated-margin accounts. The exchange also urges the traders to make some moves in advance in a bid to counter the forced conversions which may impact the company holdings.
Starting from March 31 st, 2025, Binance will not support any trading pairs involving non-MiCA stablecoins. These assets will be taken off the trading pair list. The user will be unable to undertake trading and existing orders will be cancelled in 48 hours. Nonetheless, Binance Convert will be enabling users to sell non-compliant stablecoins after the stated deadline.
Binance Assures Asset Security
However, Binance sought to assure its users that they can still transaction and hold, deposit and withdraw all other stablecoins which are not regulated under the MiCA. However, for these assets margin trading and spot trading services are going to be stopped. Users are urged to act before the delisting in order not to be affected by the change, the exchange said.
Such an adjustment would be beneficial for the exchange because Binance has provided numerous advantages to facilitate the transformation to the inclusion of MiCA-compliant stablecoins. Currently, the zero-fee promotion applies to USDC pairs such as BNB/USDC, ETH/USDC and SOL/USDC. In addition, a taker fee promotion is available when trading USDC spot and margin. Also, a rewards program will enable stakers to receive up to 1,000,000 USDC if they buy or trade USDC or EURI.
Trading of non-MiCA stablecoins through Trading Bots will be closed on the 31 st of March, 2025. It therefore encourages user to adjust their trading bots before the enforcement date to avoid losses. This puts Trading Bots for MiCA-compliant stablecoins, such as the USDC, on the other hand, and most of the trading bots will remain functional as always.
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