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Kraken Confirms Tether Will Not Be Delisted in Europe

Exciting news from the world of cryptocurrency! Kraken, a top crypto exchange, has made it clear that they have no plans to remove Tether (USDT) from Europe. This is a big relief for many in the crypto community who have been worried about the stability and regulation of popular stablecoins like Tether. The decision by Kraken is crucial for the crypto market and investor confidence.

Get the Facts on Kraken’s Support for Tether in Europe

Recent reports confirm that Kraken is fully committed to supporting Tether and its trading pairs in Europe. They want everyone to know that there are no upcoming changes to their support for Tether or USDT trading.

This announcement is a turnaround from previous rumors that Kraken might stop supporting Tether in the European Union due to new regulations, such as the proposed Markets in Crypto-Assets (MiCA) law.

Kraken’s decision to focus on Euro liquidity over USDT in Europe is a strategic move to better serve their European users. This shift in strategy aligns with industry trends, with other exchanges like OKX also adjusting to new regulations affecting USDT functionality in the EU.

Discover Kraken’s Growth and Legal Battles

Kraken is expanding its regulatory presence through the acquisition of TradeStation Crypto, the digital assets branch of TradeStation Group under Monex Group. This move highlights Kraken’s dedication to strengthening their market position and complying with regulations in the United States.

A spokesperson for Kraken is excited about the acquisition’s potential to drive growth and introduce new products in the U.S. market. At the same time, tensions have risen between Kraken and the U.S. Securities and Exchange Commission (SEC), leading to Kraken challenging the SEC’s lawsuit in court.

Kraken’s response to the SEC lawsuit emphasizes their commitment to regulatory compliance and operational transparency. This legal battle sheds light on the challenges of regulatory oversight in the crypto industry and its impact on market players and regulations.

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