Crypto Exchange Kraken Joins Binance In Delisting Privacy Coin Monero
Kraken, a leading cryptocurrency exchange, announced its decision to delist the privacy coin Monero (CRYPTO: XMR) for its customers in Ireland and Belgium. What Happened: Kraken will cease all XMR trading and deposits starting May 10, an official press release stated. The exchange has advised its customers to close all margin positions by this date to avoid forced closure. XMR withdrawals will be halted on June 10, post which any remaining XMR balance will be automatically converted into bitcoin. Kraken’s decision to delist Monero follows similar moves by other major exchanges. Binance deliste…