Kraken plans to delist Monero in the European Economic Area due to regulatory requirements, XMR falls 5%

Odaily News The price of Monero fell more than 5% in the past 24 hours to $144, affected by the news that Kraken announced that it would stop supporting Monero (XMR) in the European Economic Area (EEA) at the end of October. Kraken said that the move was due to regional regulatory changes and would stop trading and deposits in all XMR markets on October 31. Users need to withdraw their assets before December 31, 2024. Unwithdrawn Monero will be automatically converted to Bitcoin and distributed to users on January 6, 2025. (cryptoslate)