Written by
Zuzanna Krychowiak
Published on
On March 31, 2025, Kanga.Exchange will delist trading pairs with stablecoins that do not have appropriate authorization. This change applies only to users from the European Economic Area. The delisted pairs include USDT, FDUSD, DAI, and fiat-pegged stablecoins (oCZK, oPLN, oEUR, oAED, oUSD, oGBP). The changes are related to the new European Union regulations – MiCA.
What does this mean for European Kanga users?
- You will still be able to store stablecoins without the required authorization. These can be deposited or withdrawn at any time.
- Trading pairs with MiCA-compliant stablecoins, such as USDC and EURC, remain available and unchanged.
- Spot market trading with USDT and other non-compliant stablecoins will be disabled on March 31, 2025, at 23:59 (UTC).
- New trading options will be introduced using indexed markets.
- Before delisting, users can exchange their assets for MiCA-compliant stablecoins: USDC or EURC.
Trading on Indexes
Kanga.Exchange introduces indexed market trading. An index is a market where the price of any selected asset is recalculated (indexed) to the price of a MiCA-compliant stablecoin (USDC or EURC), and the buy/sell transaction is executed directly on the asset’s market with USDC or EURC.
How does it work?
Let’s say a user wants to buy BTC using their assets:
- After placing the order, the system converts the selected amount of assets into USDC or EURC.
- The buy order is executed directly on the BTC-USDC or BTC-EURC market, and the purchased BTC is deposited into the user’s account.
If the user wants to sell BTC to buy other assets:
- After placing the sell order, it is executed directly on the BTC-USDC or BTC-EURC market.
- The system converts the acquired USDC or EURC into the desired asset, which is then deposited into the user’s account.
Everything happens automatically – no need to manually calculate assets.
How to use Indexed Markets
All indexed markets are marked with a blue label that says “Index”, making them easy to recognize. You’ll find them under the Market tab.
How to place a buy/sell order on an indexed market?
- Go to the Market tab.
- In the search bar, type the initials of the market you’re looking for.
- Click on the field with the name of the index.
In this simple way, you can reach the index you’re interested in.
You can tell you’re on an indexed market by:
- The blue font used for currency names.
- A blue label with the text “Index” next to the market name.
By hovering over the label, you’ll get info on how buy and sell transactions work for that specific index.
Once you confirm you’re on an indexed market, all that’s left is to:
- Enter the price and amount,
- And confirm the order, just like on main (spot) markets.
As you can see – using indexes is REALLY SIMPLE!