3 min read 
Crypto.com will suspend services for 10 cryptocurrencies in Europe starting 31 January 2025, following new regulatory requirements under the Markets in Crypto Assets (MiCA) legislation.
The exchange announced the decision in a statement to clients on Tuesday, affecting major stablecoins including Tether (USDT), Crypto.com Staked ETH (CDCETH), Crypto.com Staked SOL (CDCSOL), Dai (DAI), Liquid CRO (LCRO), Pax Dollar (PAX), Pax Gold (PAXG), Wrapped Bitcoin (WBTC), XSGD (XSGD) and PayPal USD (PYUSD).
The move comes after Crypto.com became the first major global crypto platform to receive a full MiCA license from the Malta Financial Services Authority (MFSA). While this license allows the exchange to operate across the European Economic Area (EEA), it also requires compliance with strict stablecoin regulations that impact all 30 EEA nations.
MiCA compliance and regulatory background
The European Union’s MiCA regulation requires exchanges operating in the region to maintain strict oversight of stablecoin services. Under these rules, stablecoin issuers must receive proper authorization before their tokens can be offered to European users, affecting all 30 nations in the European Economic Area.
Crypto.com’s compliance move follows a recent warning from the European Securities and Markets Authority (ESMA), which gave exchanges a two-month window to align with stablecoin regulations. The authority has stressed that platforms must stop offering unauthorized stablecoin tokens to EU clients, prompting exchanges to review their token listings.
In response to these requirements, Crypto.com secured a full MiCA license from the MFSA. The license allows the exchange to offer its services across the EEA under a streamlined regulatory framework.
Eric Anziani, President and COO of Crypto.com, addressed the regulatory changes: “Securing a MiCA license has been a major priority for us in recent years, and receiving this approval further cements our continued commitment to being the most compliant and regulated crypto platform globally.”
The exchange’s early adoption of MiCA requirements sets a benchmark for other platforms operating in Europe. For European users, this means accessing crypto services within a more regulated environment, though with a potentially reduced selection of stablecoin options.
Service changes and token details
The suspension affects 10 tokens on Crypto.com’s platform, starting 31 January 2025. The list, which was shared by an X user showing a screenshot of the exchange’s statement, includes major stablecoins like USDT, which currently holds a market capitalization of $139.4billion, according to CoinMarketCap data. Other affected stablecoins include PayPal USD (PYUSD), Pax Dollar (PAX), and Singapore-based XSGD.
Beyond stablecoins, the changes impact several platform-specific tokens. Crypto.com will discontinue services for its Staked ETH (CDCETH) and Staked SOL (CDCSOL) products. Additional affected tokens include Wrapped Bitcoin (WBTC), Dai (DAI), Pax Gold (PAXG), and Liquid CRO (LCRO).
Crypto.com has shared a clear timeline for these changes. While new deposits for the affected tokens will stop on 31 January 2025, the exchange will continue supporting withdrawals until the end of the first quarter. Users have until 31 March 2025, to withdraw their assets before the complete delisting takes effect.
For European users holding these assets, Crypto.com recommends reviewing their holdings and planning accordingly within the provided withdrawal timeframe.
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