OKX Europe has opened a one-way conversion route across 30 EU and EEA countries, allowing customers to deposit USDT and exchange it for MiCA-compliant USDC.
Summary
- OKX Europe now lets users deposit USDT and convert it into MiCA-compliant USDC.
- Tether continues to reject MiCA approval over concerns about the framework’s reserve requirements.
- Binance’s European retreat has left licensed exchanges competing for users affected by MiCA restrictions.
According to an OKX announcement, eligible customers can send Tether’s USDT to their OKX Europe accounts before converting the tokens into Circle-issued USDC. OKX also promoted an 8% deposit bonus for customers moving…
