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Kraken to delist XMR in EU: Another exchange drops Monero, what does it mean for you? : DarkMatterMarket | Torhoo darknet markets

Starting 31 October, Kraken will delist XMR for users in the European Economic Area.

This isnt particularly surprising, as XMR continues to be the bane of LE efforts worldwide. If anything, every time an exchange delists XMR its a testament to the power we have at our hands with XMR as an absolute tool of funds obfuscation. But this does potentially effect some buyers and we've already had an uptick in queries from users asking about recommendations on obtaining XMR.

First off, its important to note here - even with XMR, you really shouldnt rely on a crypto exchange. Exchanges are the banks of the crypto world, they are beholden to Law Enforcement and they are not your friend.

Second, for those potentially impacted by this event and who may find themselves struggling to obtaining XMR, we strongly recommend utilizing the exchanging services listed on kycnot.me. It is easy to obtain a mainstream crypto like bitcoin and then exchange it to XMR with a privacy oriented exchange service from kycnot.me. Always make sure you are checking the privacy rating of the exchange service you are using and be sure to select one that will not hold your funds in the event of a KYC request.

The future of the darkweb is intertwined heavily with XMR and I look forward to the day that no exchanges list Monero.
/u/BonesKoopa
3 points
9 months ago
This only proves XMR is the true darknet market crypto in use these days. Delisting it does nothing. What strkes me as odd is the blatant price suppression. I mean, don't it getting more difficult to obtain make it more valuable? Why isn't it climbing up with the ranks of shit coins or the standars?
/u/deemzgirl
2 points
9 months ago
I came here to say exactly this. Whilst trocador.ai, changenow exist, it really isn't an issue. Plus there are plenty of cash by mail vendors who still take XMR. Iykyk
/u/MunchosMojitos
1 points
8 months ago
Big exchanges must hold large piles of XMR, to meet potential demand and also on behalf of traders storing their coins here.
When they delist XMR, they necessarily sell those. This should drive the price down, but for some reason it does not (the price is pretty steady since 2022).
/u/MollyRingworm
1 points
9 months ago
I don't think anyone really knows how not having the liquidity of being on an exchange will impact the price..
for one thing it will make it hard for whales to manipulate the price and maybe that will be a good thing..
It could become just a really stable utility or after they upgrade the blockchain to address the known vulnerability to certain theoretical attacks
it may become a desirable place to park your assets especially if you are trying to avoid paying taxes..
/u/[deleted]
1 points
9 months ago
[removed]
/u/erlingur
1 points
9 months ago
[removed]
/u/[deleted]
2 points
9 months ago
Certainly not all of them, but the leftist idiot democrats, probably those.
/u/cannedgoods P Vendor
1 points
9 months ago
This affected the exchange rate of XMR to USD quite a bit a few weeks ago but XMR doing well again now. Yes I agree with /u/quasar1 that everyone on the darknet need to get off centralized exchanges. Stay safe brothers!