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Kraken plans to delist Monero in Europe due to regulatory demands, XMR falls 5%

BlockBeats news, on October 2, Cryptoslate reported that the price of Monero fell by more than 5% in the past 24 hours to $144, affected by Kraken's announcement that it would stop supporting Monero (XMR) in the European Economic Area (EEA) at the end of October. Kraken said the move was due to changes in regional regulations and would stop all XMR market transactions and deposits on October 31. Users must withdraw their assets before December 31, 2024, and unwithdrawn Monero will be automatically converted to Bitcoin and distributed to users on January 6, 2025.

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