Cryptocurrency Q&A
Will Kraken delist Monero?
Will Kraken delist Monero?
SsangyongSpirit
Mon Jun 17 2024
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5 answers
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Could you please elaborate on the likelihood of Kraken delisting Monero? Given the recent regulatory scrutiny surrounding cryptocurrencies, is there any indication that Kraken might consider removing Monero from its trading platform? What factors might influence such a decision? And how would such a move impact both Kraken's business operations and the wider cryptocurrency market, particularly in terms of liquidity and investor sentiment? Furthermore, would Kraken's potential delisting of Monero set a precedent for other exchanges to follow suit, or could it potentially spark a renewed interest in privacy-oriented cryptocurrencies?
5 answers
Marco
Wed Jun 19 2024
Cryptocurrency exchange Kraken has announced plans to delist the privacy-oriented coin Monero for its customers in Ireland and Belgium in June.
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Valentino
Tue Jun 18 2024
Kraken's decision is likely to have a significant impact on Monero's trading volumes and liquidity in Ireland and Belgium, as the exchange is a major player in the crypto market.
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Carolina
Tue Jun 18 2024
This decision is in line with recent trends in the industry, where exchanges such as Binance and OKX have also taken steps to delist privacy coins.
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Claudio
Tue Jun 18 2024
The move reflects a growing emphasis on compliance and regulatory requirements in the crypto space, as exchanges strive to adhere to strict anti-money laundering (AML) and know-your-customer (KYC) regulations.
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Stefano
Tue Jun 18 2024
Monero, known for its anonymity features, has been a target of regulatory scrutiny due to concerns about its potential use in illicit activities.
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