Bit2Me to delist XMR on October 31 2024 due to 'regulatory change'

Posted Fri, 25 Oct 2024, from Monero Observer

Price Analysis

Source Article Link: https://monero.observer/bit2me-to-delist-monero-31-october-2024/

Spain-based crypto CEX Bit2Me1 has announced plans2 to delist Monero from their platform on October 31 2024 at 11:00 UTC due to a regulatory change:

Based on the latest reviews due to a regulatory change, we have decided to delist Monero (XMR) on October 31, 2024, at 11:00 UTC. Starting from October 24 at 15:00 UTC, it will no longer be possible to buy, trade, or deposit Monero (XMR) on Bit2Me. [..] Withdrawals will remain available until further notice from the Bit2Me team.

Timeline

Oct 24 2024 1500 UTC: buying, trading and deposits halted
Oct 31 2024 1500 UTC: selling halted
[TBD]: withdrawals available 'until further notice'

Recent community reports suggest that Monero withdrawals were already disabled some time ago3. Users are advised to withdraw their XMR from the platform right now, if at all possible.

It is worth noting that Kraken is getting ready to halt XMR trading and deposits in EEA on the same date, as previously reported4.

This is an ongoing story and the report will be updated when new information is available.


License: CC BY 4.0, no changes were made to the article.