{"id":26244,"date":"2024-03-19T00:27:54","date_gmt":"2024-03-19T00:27:54","guid":{"rendered":"https:\/\/newhampshiredigitalnews.com\/index.php\/2024\/03\/19\/okx-to-end-usdt-pairs-in-eu-yet-to-list-solana-meme-coins\/"},"modified":"2024-03-19T00:27:54","modified_gmt":"2024-03-19T00:27:54","slug":"okx-to-end-usdt-pairs-in-eu-yet-to-list-solana-meme-coins","status":"publish","type":"post","link":"https:\/\/newhampshiredigitalnews.com\/index.php\/2024\/03\/19\/okx-to-end-usdt-pairs-in-eu-yet-to-list-solana-meme-coins\/","title":{"rendered":"OKX to end USDT pairs in EU, yet to list Solana meme coins"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/crypto.news\/app\/uploads\/2023\/06\/OKX-Proposes-Industry02.jpg\" \/><\/p>\n<div>\n<p class=\"is-style-lead\">OKX has decided to discontinue Tether\u2019s USDT trading pairs within the EEA, aligning with the EU\u2019s forthcoming MiCA regulation.\u00a0<\/p>\n<p>The EU\u2019s Markets in Crypto-Assets (<a href=\"https:\/\/www.blockchain4europe.eu\/wp-content\/uploads\/2022\/08\/BC4EU-Letter-on-MiCA-restrictions-to-EMTs-referencing-USD.pdf\" target=\"_blank\" rel=\"noopener\">MiCA<\/a>) regulation introduces several restrictions and obligations, particularly targeting stablecoins and the broader spectrum of crypto-asset service providers.\u00a0 <\/p>\n<p>Although the regulation does not specifically ban Tether (<a href=\"https:\/\/crypto.news\/price\/tether\/\">USDT<\/a>), it imposes strict requirements on stablecoins issuers, particularly those considered significant due to size, user base, or market impact, a reason why market leaders like OKX are removing USDT trading pairs from the platform.\u00a0<\/p>\n<p>This strategic <a href=\"https:\/\/www.okx.com\/help\/what-are-the-cryptoassets-that-are-listed-on-okx-in-the-european-economic\" target=\"_blank\" rel=\"noopener\">withdrawal<\/a> precedes the EU\u2019s expected enforcement of the Markets in Crypto-Assets (MiCA) regulation, which is set to be fully operational by Dec. 30 of this year. OKX customer support revealed this earlier today to several users. However, USDT trading pairs are still visible on the platform.\u00a0<\/p>\n<p>Furthermore, OKX, recognized as the second largest offshore exchange, has notably refrained from listing any recent <a href=\"https:\/\/crypto.news\/slerf-meme-coin-presale-mishap\/\">Solana-based<\/a> meme tokens. Given the recent popularity of meme coins like <a href=\"https:\/\/crypto.news\/price\/bonk\/\">Bonk<\/a> and <a href=\"https:\/\/crypto.news\/price\/dogwifhat\/\">Dogwifhat<\/a>, this has surprised the crypto community.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Let me clarify OKX listing team\u2019s vision is discover valuable and early stage utility tokens for our customers. We don\u2019t accept pitching for listing, we research potential projects from the market and keep to track the performance of the tokens for long time. Our listing\u2026 <a href=\"https:\/\/t.co\/JgRr6JaZJq\" target=\"_blank\" rel=\"noopener\">https:\/\/t.co\/JgRr6JaZJq<\/a><\/p>\n<p>\u2014 Star (@star_okx) <a href=\"https:\/\/twitter.com\/star_okx\/status\/1769733521793536340?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 18, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Several users have continuously urged the platform to list these popular tokens. However, in a <a href=\"https:\/\/twitter.com\/star_okx\/status\/1769733521793536340\" target=\"_blank\" rel=\"noopener\">statement<\/a> today, OKX CEO Star Xu emphasized that the platform will always prioritize tokens with proven utility and potential for early-stage investment. Xu also addressed the community\u2019s efforts to influence listings through social media, stating that such actions would not impact the committee\u2019s decisions and urging halting these practices.<\/p>\n<p>Xu\u2019s response was a surprising strategy from the exchange, given that major competitors, like Binance, were proactive in listing the trending meme coins very early. The latest <a href=\"https:\/\/crypto.news\/price\/solana\/\">Solana<\/a> meme coins, such as BONK and WIF, have rallied over 3,000% since their launches. Not listing them means OKX has opted not to profit from some of the largest trading activities in the current bull market.\u00a0<\/p>\n<p><a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMOqEsgsw95_JAw\" class=\"google-news-banner google-news-banner--size-wide\" target=\"_blank\" rel=\"noopener\"><br \/>\n<span class=\"google-news-banner__label\">Follow Us on Google News<\/span><br \/>\n<\/a>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/okx-usdt-pairs-solana-meme-coins\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OKX has decided to discontinue Tether\u2019s USDT trading pairs within the EEA, aligning with the EU\u2019s forthcoming MiCA regulation.\u00a0 The EU\u2019s Markets in Crypto-Assets (MiCA)<\/p>\n","protected":false},"author":1,"featured_media":26245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[163],"tags":[],"class_list":["post-26244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/26244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=26244"}],"version-history":[{"count":0,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/26244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/26245"}],"wp:attachment":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=26244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=26244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=26244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}