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BitBay Exchange Scraps Monero Trading to Avoid Money Laundering

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BitBay Exchange will no longer support Monero from February 2020. The exchange has made this decision to block the possibility of money laundering and inflow from external networks. Monero has already been delisted from many of the other crypto exchanges like OKEx Korea. 

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The deposits of XMR will be stopped by 29/11/2019 on BitBay exchange. However, Monero can be traded until Feb 2020 on the exchange. Monero withdrawals are available till May 2020. Also, due to the upcoming Monero fork on 30th Nov 2019, XMR withdrawals will be blocked on the exchange from 29.11.2019 to 5.12.2019.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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