Kraken, a leading cryptocurrencycurrency exchange, has announced that it will continue to support Tether (USDT) across Europe, despite increasing regulatory uncertainties.
Kraken assured that, “for the time being,” its leadership has no plans to withdraw or delist USDT.
The European Union’s approval of the MiCA framework requires Kraken to monitor and adjust its strategy to comply with the new regulations. Marcus Hughes, Kraken’s Global Head of Regulatory Strategy, stated that their preparations are designed to meet any emerging demands, which may include the need to delist certain assets like USDT.
In addition, Kraken is enhancing its regulatory presence by acquiring TradeStation Crypto. As part of its regulatory expansion, Kraken is finalizing the location of its European headquarters, which could be in France or Ireland.
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