Crypto exchange OKX has ceased support for cryptocurrency trading pairs with Tether's USDT stablecoin for users based in the European Union and the European Economic Area (EEA), the exchange confirmed to CoinDesk. As of Monday, OKX's platform offered spot crypto trading only with USDC and euro pairs, while USDT could only be traded against USDC and euro, CoinDesk confirmed via an E.U.-based OKX account. An OKX spokesperson, however, said that the action was driven by OKX's decision to focus on euro-denominated liquidity in the region. USDT remains available on the platform for EEA-based users to deposit and withdraw, and buy, sell and convert.
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