Crypto exchange Kraken said it will delist five stablecoins, including USDT, for users in the European Economic Area. Describing the move as a difficult decision, Kraken said the changes ultimately ensure its compliance and ability to provide an exceptional trading experience to European clients long term. The exchange said it will halt all spot trading for these assets for EEA clients on March 24, 2025, at 7 a.m. EST. Consequently, open orders will be closed, and users from the EEA will no longer be able to exchange these assets for other cryptocurrencies or fiat currencies. Kraken is the latest major crypto exchange, after Coinbase and Crypto.com, to delist or reveal plans to remove the stablecoin from their platforms.

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