{"id":29039,"date":"2024-04-11T15:06:14","date_gmt":"2024-04-11T15:06:14","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/monero-xmr-exchange-troubles-continue-with-another-major-delisting\/"},"modified":"2024-04-11T15:06:14","modified_gmt":"2024-04-11T15:06:14","slug":"monero-xmr-exchange-troubles-continue-with-another-major-delisting","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/monero-xmr-exchange-troubles-continue-with-another-major-delisting\/","title":{"rendered":"Monero (XMR) exchange troubles continue with another major delisting"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/monero-xmr-coin-symbol-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/monero-xmr-coin-symbol-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/monero-xmr-coin-symbol-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/monero-xmr-coin-symbol-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Kraken has announced it will delist Monero (XMR) from its exchange in Ireland and Belgium.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Other exchanges, including Binance, have previously delisted XMR amid regulatory scrutiny.<\/span><\/li>\n<li><span style=\"font-weight: 400\">XMR price was at $132, largely flat after the Kraken news.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Privacy coin <a href=\"https:\/\/coinjournal.net\/news\/tag\/monero\/\">Monero (XMR)<\/a> has faced numerous delistings in recent months, with leading crypto exchanges ending trading support for XMR as part of their regulatory compliance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The latest setback in the regard comes after cryptocurrency exchange <a href=\"https:\/\/coinjournal.net\/news\/tag\/kraken\/\">Kraken<\/a> announced an end to trading support for the privacy coin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In a <a href=\"https:\/\/support.kraken.com\/hc\/en-us\/articles\/notice-of-asset-delisting-in-ireland-and-belgium-for-monero-xmr\" target=\"_blank\" rel=\"noopener\">notice<\/a>, Kraken informed its customers it would delist Monero from its platform in Ireland and Belgium. The announcement, published earlier today, states that the CEX will remove XMR from its platform in the EU jurisdictions as from June 10, 2024.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ahead of that, Kraken will halt trading and deposits on May 10. The exchange will also auto-close any open margin positions by May 10 \u2013 which means customers have less than a month to close these positions.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, XMR withdrawals will end on June 10 and if any users still hold Monero on the exchange by then, the balances will auto-convert to Bitcoin (BTC).<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Monero price outlook<\/span><\/h2>\n<p><span style=\"font-weight: 400\">While Kraken\u2019s notice did not state the exact reason behind the move to delist XMR, its decision looks to align with recent EU regulation on privacy-focused cryptocurrencies. The exchange therefore adds to the list of top crypto platforms to delist or announce plans to end Monero support.<\/span><\/p>\n<p><span style=\"font-weight: 400\">That includes Binance, which announced XMR delisting in February, and OKX, which ended all support for the privacy coin in early January. Crypto exchange Huobi announced XMR delisting in September 2022.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Today\u2019s news has not impacted <a href=\"https:\/\/coinjournal.net\/monero\/\">XMR price<\/a> as much as the Binance delisting did in February this year. At the time, Monero\u2019s price dropped from highs of $166 to around $102. A broader market bounce in March also pulled XMR higher, with its price reaching $151.<\/span><\/p>\n<p><span style=\"font-weight: 400\">XMR is however trading near $132, largely flat on the day but likely to flip lower if bulls don\u2019t hold the key area around $130.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/monero-xmr-exchange-troubles-continue-with-another-major-delisting\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) Kraken has announced it will delist Monero (XMR) from its exchange in Ireland and Belgium. Other exchanges, including Binance, have previously delisted XMR amid regulatory scrutiny. XMR price was at $132, largely flat after the Kraken news. Privacy coin Monero [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":29040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29039"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=29039"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/29040"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=29039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=29039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=29039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}