Monero's largest P2P trading platform is closed

• Localmonero is a peer-to-peer (p2p) trading platform for data protection-oriented Coin Monero (XMR).
• The platform is stopped and the website is to be closed on November 7th.

Localmonero, the largest peer-to-peer trading platform (P2P) for Monero (XMR), is closed.

The P2P platform announced announced that the operation is set with immediate effect and new registrations and advertisements are deactivated from May 7th.

Before the website has been completely closed, Localmonero will stop all trading activities, this is planned for May 14th. The seven-year activity of the platform, which she has made the largest peer-to-peer trading platform for Monero, officially ends on November 7th.

At the beginning of the six-month settlement process, Localmonero says that the decision to close the company is based on an interplay of internal and external factors. However, the announcement on the platform website does not give specific reasons for the step.

In the meantime, all users are recommended to withdraw their money before the deadline on November 7th. Otherwise the money could be "given up or falling".

Localmonero is closed, but the future of Monero is "bright"!

The closure of Monero's largest P2P platform could have an impact on the purchase and sale of XMR, the most strongest cryptocurrency focused on privacy. Nevertheless, the Localmonero team is convinced that the future of the ecosystem is on another growth course.

" localmonero has been around for Monero. Fortunately, the Monero ecosystem has been heavily matured in these years, says the announcement.