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Odaily Planet Daily reported that Kraken announced that it would stop supporting Monero (XMR) in the European Economic Area (EEA) at the end of October, causing market fluctuations. Affected by this news, the price of Monero has fallen by more than 5% in the past 24 hours and is currently trading at $144. Kraken said the move was due to changes in regional regulations and will stop all XMR market transactions and deposits on October 31.
đ Users must withdraw their assets before December 31, 2024. Unwithdrawn Monero will be automatically converted to Bitcoin and distributed to users on January 6, 2025. Although Monero faces challenges, Bitcoin is still a bright spot in the market and deserves attention! đ
