The withdrawals for XMR trading would remain open until June 10. However, customers were advised to close all margin and leveraged positions before XMR trading is suspended. XMR’s price showed minimal reaction to the news, with the token’s price shifting only 0.6% in the last 24 hours and trading flat at around $133, according to CoinMarketCap data.
The decision to suspend XMR trading in Belgium and Ireland follows the crypto exchange’s removal of privacy coins from its global exchange in February. This move is in line with the EU’s Markets in Crypto-Assets (MiCA) legislation, which also considers privacy coins as contraband. MiCA became law last June and will be enforceable by December, while the EU’s new AML regulations are expected to become applicable by mid-2027.