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Announcements Gate.MT: Extension of Withdrawal Period for USDT and DAI Tokens

Gate.MT: Extension of Withdrawal Period for USDT and DAI Tokens

2025-01-31 21:24:26 UTC 139 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
Gate.MT: Extension of Withdrawal Period for USDT and DAI Tokens
2025-01-31
Following our previous communications regarding the delisting of USDT and DAI tokens in compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation, we would like to inform you of an important update to the timeline.
To ensure a smooth and orderly transition, we are extending the withdrawal suspension period for USDT and DAI tokens until the end of the “sell-only” period, which will conclude on 30.03.2025.
Here is a summary of the updated timeline:
Deposit and Trading Suspension: suspended since 30.12.2024.
Withdrawal Suspension: Extended until 30.03.2025.
“Sell-Only” Period: Will continue until 30.03.2025 to facilitate the liquidation of holdings.
Conversion: Any remaining USDT or DAI in your account after 30.03.2025 will be automatically converted to MiCA-compliant alternatives.
We strongly encourage you to review your holdings and take any necessary actions prior 30.03.2025. If you have any questions, our support team is ready to assist.
 
Thank you for your understanding and continued trust in our platform.
Gate.MT Team

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Gate Technology Ltd.
C 89337
The Penthouse, Carolina Court,
Giuseppe Cali Street,
Ta' Xbiex XBX 1425, Malta

Gate Technology Ltd is a company incorporated in Malta with registration number C89337 and trading under the name‘Gate.MT’.
Gate Technology Ltd is licensed by the Malta Financial Services Authority as a Class 4 Virtual Financial Assets (“VFA”) Services Provider and authorised to provide the following VFA Services to non-experienced investors: (i) the operation of a VFA exchange; and (ii) Custodian or Nominee Services.
Please note that the availability of the products and services on the websites operated by Gate.MT including www.gatemt.com, any associated mobile applications and APIs, any related software, forums, blogs, social media pages and other relevant platforms operated or maintained by Gate.MT (collectively the "Sites") is subject to jurisdictional limitations. Gate.MT may not offer certain products, features and/or services on the Sites in certain jurisdictions due to potential or actual regulatory restrictions, or if it is in Gate.MT’s opinion (in its sole and absolute discretion) that it is not commercial or feasible to provide such products or services in certain jurisdictions.
Other products or services except spot trading, custodian or nominee services offered on the Sites are provided by other group companies and do not fall within the scope of Gate.MT’s regulated services under the VFA licence stipulated above.
Gate Technology Ltd is an independent entity and operates separately from Gate.MT. Each legal entity maintains distinct clientele, operations and management.
For the avoidance of doubt, neither Gate.MT nor Gate Technology Ltd are registered nor maintain any address in the Cayman Islands.
Email: info@gate.mt
Office: The Penthouse, Carolina Court, Giuseppe CaliStreet, Ta'XbiexXBX 1425, Malta

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