EU Exchanges Remove Tether from Trading Roster: Consequences for Crypto Market Participants

Tether Delisting from EU Exchanges: What It Means for the Crypto Market

A recent development in the cryptocurrency market has sparked widespread concern and debate among traders and investors alike. Tether, a popular stablecoin, has been delisted from several exchanges operating within the European Union (EU). In this article, we’ll delve into the implications of this move on the broader crypto landscape.

In light of the delisting, it’s essential to note that USDT continues to maintain its $138.5 billion market cap and $44 billion in daily trading volume, with 80% of its volume originating from Asia. It’s crucial to understand that the value of your crypto assets depends on the coins or tokens you own, not how you bought them. Therefore, whether you use USDT, BTC, or fiat money, your holdings remain secure within your wallet or on the platform you’re utilizing.

Historically, Tether has faced similar FUD (Fear, Uncertainty, and Doubt) in the past, and each time, the market has bounced back. October 2024 saw a similar incident where the U.S. government launched an investigation into Tether, prompting Bitcoin’s price to drop by $2,000 in minutes. However, after Tether’s CEO denied the allegations, Bitcoin quickly regained its footing, rising by an impressive 43%. This pattern has consistently played out across various FUD events.

Moreover, it is believed that these Tether-related FUD incidents have historically been a signal for buying opportunities. The analyst concludes that such occurrences usually take place at either the market’s bottom or during an ongoing bull run. He advises crypto investors to capture current prices and revisit them in February or March 2025, predicting that most assets will be trading significantly higher by then.

As USDT is expected to dominate the stablecoin market while its market cap and demand continue to rise, even the EU delisting may not derail its long-term success.

Source: coinpedia.org