LocalMonero exchange shuts down as crypto privacy services dwindle
Monero’s version of LocalBitcoins is closing after 7 years of operations serving the XMR community.
Peer-to-peer trading platform for privacy coin Monero (XMR) has shuttered its services effective immediately, adding to the recent wave of crypto privacy closures and arrests.
On May 7, LocalMonero announced that, effective immediately, all new signups and advertisement postings for Monero trades are disabled. On May 14, the platform will disable the trading of the privacy-focused crypto asset.
The firm cited “a combination of internal and external factors” but did not reveal the specific reasons for its closure.
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