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As of May 10, 2024 trading and deposits will be halted for XM^R.
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All margin positions will need to be closed by May 10, 2024 or these positions will be auto-closed.
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We will halt withdrawals of XMR on Kraken on June 10, 2024. At this time, any remaining XMR balances will be auto-converted into BTC.
I know there’s a resistance to centralized exchanges but I can’t see this as anything but bad for people’s access to Monero.
Kraken has always been reputable and delisting from here means millions of people are losing an easy to use on-ramp for Monero.
It reminds me of sanctions in Russia. Sanctions don’t totally restrict access to western goods like Levi’s. They force customers to buy through a middle man who takes a cut. This increases the cost and effort to buy which results in less people buying and using whatever good.