Monero’s largest P2P trading platform shuts down
LocalMonero is a peer-to-peer (P2P) trading platform for privacy-focused coin Monero (XMR). The platform is winding down, with the website set to shutter on November 7. LocalMonero, the largest peer-to-peer (P2P) trading platform for Monero ( XMR ), is shutting down. The P2P platform announced late Tuesday that it’s ending operations effective immediately, with new signups and ad postings disabled as of May 7. Ahead of the complete website shutdown, LocalMonero will halt all trading activities, with this scheduled for May 14. The platform’s seven-year stint that saw it become the largest peer-to-peer trading platform for Monero officially comes to a close on November 7. As it begins its six-month wind-down process, LocalMonero says the decision to shut shop comes amid a confluence of internal and external factors. However, the announcement on the platform’s website does not provide specific reasons for the move. Meanwhile, all use...