BlockBeats News, on October 2nd, according to Cryptoslate, the price of Monero (XMR) dropped more than 5% in the past 24 hours to $144 due to the announcement by CEX that it will stop supporting Monero (XMR) in the European Economic Area (EEA) at the end of October. CEX stated that this decision is due to regulatory changes in the region and all XMR trading and deposits will be stopped on October 31st. Users need to withdraw their assets before December 31, 2024, and any unwithdrawn Monero coins will be automatically converted to BTC and distributed to users on January 6, 2025.
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CEX plans to delist Monero in Europe due to regulatory requirements, causing XMR to fall by 5%
BlockBeats News, on October 2nd, according to Cryptoslate, the price of Monero (XMR) dropped more than 5% in the past 24 hours to $144 due to the announcement by CEX that it will stop supporting Monero (XMR) in the European Economic Area (EEA) at the end of October. CEX stated that this decision is due to regulatory changes in the region and all XMR trading and deposits will be stopped on October 31st. Users need to withdraw their assets before December 31, 2024, and any unwithdrawn Monero coins will be automatically converted to BTC and distributed to users on January 6, 2025.