The exchange will suspend deposits and trading transactions with XMR for users from two European countries on May 10. After this date, all transactions will begin to close automatically.
Withdrawal of funds will remain available until the asset is completely excluded from the site. Upon the onset of June 10, all XMR not withdrawn from the balance will be converted into bitcoins.
The exchange's statement appeared on the eve of changes in the European Union's measures to combat money laundering and the financing of terrorist groups, including with the help of virtual currencies.
In February 2024, Binance, the world's largest cryptocurrency exchange, also notified about the delisting of Monero, along with Aragon (ANT), Multichain (MULTI), Vai (VAI), referring all these coins to high-risk assets.
Earlier, the CEO of Kraken's Australian division, Jonathon Miller, said that a turning point had come for the cryptocurrency industry.