Crypto exchange Kraken will cease its support for the privacy token Monero in the European Economic Area (EEA). Kraken announced that it will stop trading and deposits for all Monero (XMR) markets in the EEA effective from Oct. 31, 2024. This decision includes trading pairs with U.S. dollars, euros, Bitcoin (BTC), and Tether’s USDt (USDT). The exchange cited regulatory and compliance obligations as the reason for discontinuing support for XMR. In a statement, Kraken said: “After thorough consideration, and exploration of all viable alternatives, we concluded we have no choice but to delist Monero (XMR) in the European Economic Area
