📢 Important Update for Kraken Users in the EEA Region

Kraken is set to remove access to multiple stablecoins—including USDT, EURT, PYUSD, UST, and TUSD—for users in the European Economic Area (EEA) due to compliance with the Markets in Crypto-Assets (MiCA) regulations.

This update outlines key changes, how they impact 3Commas users, and steps you should take to manage your assets effectively.

📆 Key Dates & Changes

To comply with MiCA regulations, Kraken will phase out these stablecoins in a structured process:

🔹 February 13, 2025 (12:00 PM UTC)

Margin pairs involving these stablecoins will be set to ‘reduce-only’ mode for EEA users.
Users can close existing margin positions but cannot open new ones.

🔹 February 27, 2025 (12:00 PM UTC)

Spot trading for these stablecoins will be restricted to ‘sell-only’ mode.
New deposit addresses for these assets will no longer be generated.

🔹 March 17, 2025 (12:00 PM UTC)

All outstanding margin positions involving these stablecoins will be automatically closed.

🔹 March 24, 2025 (12:00 PM UTC)

Spot trading for these stablecoins will be halted.
Open orders will be closed, and users will no longer be able to trade these assets.
These assets will no longer be eligible as collateral for margin trading.

🔹 March 31, 2025 (Final Deadline)

Any remaining balances in these stablecoins will be automatically converted into an equivalent stablecoin supported by Kraken.
Deposits of these assets after this date will only be eligible for withdrawal.

⚠️ What This Means for 3Commas Users

If you are trading on Kraken via 3Commas, these changes will impact your automated trading strategies, balances, and exchange connections.

✅ Impacted Trading Bots:

DCA, Grid, and SmartTrades bots that use USDT, EURT, PYUSD, UST, or TUSD will need reconfiguration before the delisting.
Bots relying on these stablecoins for base or quote assets will no longer function after March 24, 2025.

✅ Deposit & Withdrawal Restrictions:

If you attempt to deposit these stablecoins after March 31, 2025, they will only be eligible for withdrawal, not trading.

✅ Auto-Conversion of Balances:

If you hold any of these stablecoins after March 31, 2025, Kraken will automatically convert them to an equivalent stablecoin.
This applies to collateral balances and opt-in reward balances (OIR).

✅ Opt-in Rewards (OIR) Products:

If you participate in USDT-based OIR products, Kraken will auto-convert your USDT to an alternative stablecoin before February 28, 2025.
To avoid auto-conversion, users should deallocate their USDT and manually switch to an alternative stablecoin before this date.

🌍 Who Is Affected?

This change only impacts users in the European Economic Area (EEA), including:

27 EU Member States

🇪🇸 Spain | 🇸🇪 Sweden

3 EFTA Countries

🇮🇸 Iceland | 🇱🇮 Liechtenstein | 🇳🇴 Norway

Users outside of these regions will not be affected.

🛠 Recommended Actions for 3Commas Users

1. Convert or Withdraw Affected Stablecoins

Before the March 31 deadline, ensure that any USDT, EURT, PYUSD, UST, or TUSD holdings are converted or withdrawn to avoid automatic conversion.

2. Adjust Trading Strategies

If you have active bots using these stablecoins, update their base/quote currencies to avoid disruptions.
This applies to DCA bots, Grid bots, and SmartTrades bots.

3. Monitor Exchange Announcements

Kraken will release further details on the conversion process.
Stay updated by checking Kraken’s official channels for ongoing compliance updates.

📢 Why Is Kraken Delisting These Stablecoins?

Kraken’s decision follows compliance with the Markets in Crypto-Assets (MiCA) regulations, which enforce stricter rules on stablecoin issuance and usage in the EEA.

Other major exchanges, including Coinbase and Crypto.com, have already begun phasing out USDT and other stablecoins in Europe.

📩 Stay Updated

🔹 Check the 3Commas Help Center for further guidance on managing your assets.

🔹 For Kraken’s official announcement on these changes, visit: Kraken Support: Stablecoin Offerings for EEA Clients

🚀 Take action now to ensure a smooth transition before the March 31 deadline!

MiCA Compliance Update: What EU Users Need to Know

European Economic Area (EEA) Regulatory Changes: Information & FAQ