- Binance will delist non-MiCA stablecoins in Europe and urges users to swap them early.
- Margin trading for non-MiCA stablecoins ends on March 27, with auto-conversion to USDC.
- Users can hold, deposit, and withdraw delisted stablecoins, but trading will be disabled.
Binance to delist some stablecoins in Europe because of the new regulation under the Markets in Crypto-Assets (MiCA). Some of the severely impacted stablecoins are USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG. Binance urges users to swap these stablecoins for MiCA-approved options like USDC and EURI before the deadline.
From March 27, 2025, Binance will stop margin trading for non-MiCA stablecoins. If users still have these assets in their margin accounts, Binance will automatically convert them to USDC. This applies to both cross-margin and isolated-margin positions. Binance is advising traders to switch their holdings before the deadline to avoid unexpected conversions.
From March 31, 2025, all spot trading pairs with non-MiCA stablecoins will be removed. Users will no longer be able to trade these assets and pending orders will be canceled within 48 hours of delisting. Binance Convert will allow users to sell non-MiCA stablecoins after the deadline.
Despite trading restrictions, Binance confirms that users can still hold, deposit, and withdraw non-MiCA stablecoins. However, trading and margin-related services will no longer be available. Binance also urges its users to make the right course of action before their cryptocurrencies get delisted.
Binance Offers Incentives
To encourage compliance, Binance is offering several incentives. Zero-fee trading is available for USDC pairs, including BNB/USDC, ETH/USDC, and SOL/USDC. A taker fee promotion is also for USDC spot and margin trading.
Related: Crypto.com Expands in EEA with MiCA License for Crypto Services
Binance is offering multiple incentives to encourage a shift toward MiCA-compliant stablecoins. The exchange has introduced zero-fee trading for USDC pairs, including BNB/USDC, ETH/USDC, and SOL/USDC. A taker fee promotion is also available for USDC spot and margin trading pairs. Binance also runs a rewards program that offers a share of 1,000,000 USDC to eligible users who buy or trade USDC or EURI.
Trading Bots to be Disabled
Trading Bots will no longer function for non-MiCA stablecoins from 31st March 2025. The users are required to update or cancel the trading bots before the given time to avoid incurring losses. Trading Bots for such MiCA-compliant stablecoins like USD Coin (USDC) will continue to operate. It encourages users to adopt these changes in advance to forestall disruptions to automated trading services.
This move to delist non-MiCA stablecoins is in line with Binance’s approach to adapting to European regulations. This transition has been brought about by industry changes and the need to meet increased financial regulation standards. Holders should transfer their holdings, utilize the existing benefits, and agree with the new trading rules before the deadline.
