Cryptocurrency Q&A
Why is XMR not on Coinbase?
Why is XMR not on Coinbase?
DongdaemunTrendsetterStyleIcon
Sun Jun 16 2024
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7 answers
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Could you please elaborate on the reasons why XMR, or Monero, is not available on Coinbase? I've noticed that many other cryptocurrencies are listed, but Monero seems to be missing. Is it due to regulatory concerns? Or perhaps Monero's privacy-focused nature poses challenges for Coinbase? Could you provide some insight into this matter? I'm curious to understand the reasons behind this decision.
7 answers
BonsaiBeauty
Tue Jun 18 2024
The CEO of Coinbase recently announced that the exchange will not be listing XMR due to an issue with regulators. This decision reflects the challenges faced by cryptocurrency exchanges in navigating the regulatory landscape.
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Daniele
Mon Jun 17 2024
BTCC's spot trading platform allows users to buy and sell cryptocurrencies at market prices. The exchange offers competitive fees and a user-friendly interface, making it an attractive option for traders.
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CherryBlossomDancing
Mon Jun 17 2024
Coinbase, as one of the leading cryptocurrency exchanges, has always been cautious in its approach to listing new digital assets. The exchange prioritizes compliance with regulatory requirements to ensure the safety and security of its users.
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Chiara
Mon Jun 17 2024
Additionally, BTCC's futures trading platform enables users to speculate on the future prices of cryptocurrencies. This feature offers investors the opportunity to earn profits by correctly predicting market movements.
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SeoulSerenitySeeker
Mon Jun 17 2024
The decision not to list XMR is likely due to concerns over the privacy features of the cryptocurrency. Regulators worldwide have expressed concerns about the use of cryptocurrencies for illegal activities, and XMR's privacy-enhancing capabilities may have raised red flags.
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