09:14 AM EDT, 10/04/2024 (MT Newswires) -- Coinbase Global ( COIN ) will delist stablecoins from its crypto exchange that do not meet the European Union's Markets in Crypto-Assets, or MiCA, requirements in the European Economic Area by Dec. 30, a company spokesperson confirmed to MT Newswires in an email Friday.

The company will provide an update in November, including options for affected users to switch to stablecoins "issued by appropriately authorized issuers," the spokesperson added.

"We always aim to achieve regulatory compliance and will continue the same with respect to MiCA," the spokesperson said.

Shares of the company were up 2.8% in recent Friday premarket activity.

Price: 167.50, Change: +4.40, Percent Change: +2.70