Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Monero’s largest P2P trading platform shuts down
TRADING NEWS

Monero’s largest P2P trading platform shuts down

By Crypto FlexsMay 8, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Monero’s largest P2P trading platform shuts down
Share
Facebook Twitter LinkedIn Pinterest Email
  • LocalMonero is P2P (Peer-to-Peer). A peer-to-peer trading platform for Monero (XMR), a privacy-focused coin.
  • The platform is being scaled down and the website is scheduled to close on November 7.

LocalMonero, the largest P2P trading platform for Monero (XMR), is shutting down.

The peer-to-peer platform announced late Tuesday that it will cease operations effective immediately and that new sign-ups and ad posting will be disabled from May 7.

Ahead of the full website shutdown, LocalMonero will suspend all trading activities, which is scheduled for May 14. The platform’s seven-year run as the largest peer-to-peer trading platform for Monero officially ends on November 7. .

LocalMonero said the decision to close the store was made amid a combination of internal and external factors, as it began a six-month closure process. However, an announcement on the platform’s website does not provide a specific reason for the move.

Meanwhile, all users are encouraged to withdraw their funds before the November 7 deadline. Failure to do so may result in your funds being “abandoned or forfeited.”

LocalMonero is shutting down, but the future of Monero is “bright”!

Shutting down Monero’s largest P2P platform could see an impact in terms of buying and selling of XMR, the leading privacy-focused cryptocurrency. Nonetheless, the LocalMonero team believes that the future of the ecosystem lies in further growth.

“LocalMonero has been with Monero for most of its life. Fortunately, the Monero ecosystem has matured a lot over the past few years.” reads the notice.

Part of the optimism rests on the potential of projects such as decentralized exchanges (DEXs) Haveno and Serai. Atomic swaps and Full-Chain Membership Proof (FCMP) are other major developments that could strengthen the Monero protocol.

Despite this outlook, Monero and other privacy coins have faced increased regulatory scrutiny and exchange delistings in recent months.

A number of privacy-focused services have been shut down, including Wasabi Wallet and Trezor CoinJoin, and US authorities recently arrested the co-founder of privacy wallet Samourai Wallet.


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What is the next after the Fed’s 25bps is cut? Everything you need to know

September 18, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Metabuses are increasing again -Records in August +13k NFT users

September 15, 2025
Add A Comment

Comments are closed.

Recent Posts

What is the next after the Fed’s 25bps is cut? Everything you need to know

September 18, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

What is the next after the Fed’s 25bps is cut? Everything you need to know

September 18, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025
Most Popular

The Dogecoin and SHIBA INU rivals reflect the price behavior that had previously triggered 200% rally, Trader says.

February 1, 2025

Earn Passive Income Using Cryptocurrency: 5 Strategies

June 26, 2024

Solo Mining – How can I check if my miner is working?

April 17, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.