LocalMonero, the largest peer-to-peer trading platform for the privacy-focused cryptocurrency Monero, has announced it will shut down after nearly seven years of operation. The platform, which has facilitated Monero trades since its inception, cited the maturity of the Monero ecosystem, the upcoming launch of alternatives like Haveno, and other decentralized exchanges (DEXs) such as Serai with atomic swaps as reasons for its closure. The shutdown is part of a broader trend where privacy-centric cryptocurrencies are facing increasing delisting from major exchanges such as Kraken, OKX, and Binance due to heightened regulatory scrutiny. LocalMonero has already disabled new signups and will cease all trading activities by May 14.
COMMENT: The shutdown follows a trend where privacy-focused cryptocurrencies like Monero have faced delisting from major exchanges, including Kraken, OKX, and Binance, due to increasing regulatory scrutiny. https://t.co/S6OSPpMPN2
LOCALMONERO, THE LARGEST P2P $MONERO TRADING PLATFORM, SHUTS DOWN - The largest peer-to-peer trading platform for Monero, LocalMonero, announced its shutdown effective immediately, ending a nearly seven-year stint. - Starting May 7, LocalMonero disabled all new signups and… https://t.co/lGZpLhmSNB https://t.co/7ygMFioep9
🚨JUST IN: LOCALMONERO, THE LARGEST P2P $MONERO TRADING PLATFORM, ANNOUNCES SHUTDOWN AFTER NEARLY 7 YEARS IN OPERATION
LocalMonero to shut down P2P exchange after seven years of operation https://t.co/V9XYTfcvBG
Privacy coin #Monero will no longer be available to trade on the peer-to-peer platform LocalMonero from May 14. https://t.co/ZeZehtTkfq
P2P XMR Exchange Localmonero/Agoradesk Announces Closure After Seven Years of Operation #NewsBytes https://t.co/VRmXtWbVit
The largest P2P Monero trading platform, LocalMonero, which has been running for seven years, announced its closure. The announcement stated: The Monero ecosystem has matured a lot over these years, and with the imminent launch of Haveno and other DEXs like Serai, atomic swaps,…
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