Top Monero (XMR) peer-to-peer exchange is winding down its operations due to 'combination of internal and external factors'
Amid yet another phase of regulatory attacks on privacy instruments in crypto, the oldest and most credible peer-to-peer exchange for Monero , the largest privacy coin, has stopped accepting new deposits and sign-ups., LocalMonero, a peer-to-peer trading platform that allowed exchanging XMR with fiat currency, is ceasing operations. New sign-ups and order postings are already disabled, while the entire procedure of winding down the service will take six months.
The difficult decision was made due to a combination of internal and external factors, the team admitted. LocalMonero was the dominant marketplace for XMR for almost seven years.that Kraken, the largest CEX when XMR was still available in USDT, USD, BTC and EUR pairs, restricted access to trading for customers from Germany, Ireland and Belgium.
As covered by U.Today previously, Wasabi Wallet stops operating, effective in June. It was known thanks to its privacy function, CoinJoin, that obfuscated cryptocurrency data.
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