Crypto exchange Kraken has announced that it will stop supporting the Monero privacy coin for customers in Ireland and Belgium as of June 10.
As of May 10, the exchange will suspend all trading and deposits with XMR, while it has advised customers to close any margin positions before this date to avoid forced closure.
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As of June 10, withdrawals from XMR will also be suspended, and any remaining balance in XMR will be automatically converted into BTC.
This decision follows similar decisions by Binance in February and OKX in January, which also delisted Monero over concerns about its privacy features.