The trading of the privacy-focused crypto asset will be disabled on the platform on May 14.
The company did not disclose the precise causes of its shutdown.
Peer-to-peer trading platform for privacy coin Monero (XMR) has abruptly shut down, joining a slew of other recent closures and arrests involving crypto privacy.
All new signups and ad posts for Monero trades have been blocked, as stated by LocalMonero on May 7, effective immediately. The trading of the privacy-focused cryptocurrency asset will be disabled on the platform on May 14.
Setback for Privacy-focused Crypto
Moreover, the company did not disclose the precise causes of its shutdown, just stating that “a combination of internal and external factors” were to blame. In addition, the website will be shut down on November 7. Users are kindly asked to withdraw any funds from their wallets before that date to avoid having them declared abandoned.
The P2P Monero exchange, which began operations in 2017 as an XMR su
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