Kraken, one of the leading cryptocurrency exchanges, has announced that it will continue to support Tether (USDT) in Europe despite the increasing regulatory uncertainty. Kraken assured that “for the present” the leaders of the company have no intention to make USDT withdrawal or delisting.
Source:Kraken
The European Union approving the MiCA framework is Kraken to observe and adjust its strategies to be compliant with the new regulation. Marcus Hughes, the Kraken’s Global Head of Regulatory Strategy, highlighted that its preparations are designed to fit every emerging need including the impossibility of listing certain assets like USDT.
Additionally, Kraken is strengthening its regulatory by acquiring TradeStation Crypto. Along with its regulatory extension, Kraken has come down to the final stages of marking its European headquarters, whether in France or Ireland where it will have its base camp located.