Kraken Backs Down on Monero Inquiry After Co-CEO Pushback
Kraken withdraws controversial customer inquiry emails regarding Monero transactions but maintains XMR listing with regional restrictions.
Kraken withdraws controversial customer inquiry emails regarding Monero transactions but maintains XMR listing with regional restrictions. Monero (XMR) is trading at $613.73, down 0.3% since this brief published. This is an original TLT brief based on reporting by TronWeekly, with live market data added, as of Sun, 25 Oct 2026 01:15:02 UTC.
The incident highlights the ongoing regulatory scrutiny and compliance challenges surrounding privacy-focused cryptocurrencies like Monero, impacting user trust and exchange policies.
- Kraken withdrew emails probing Monero users' employment and fund sources after criticism.
- Monero remains listed on Kraken despite regional restrictions.
- XMR price up 5.31% in 24 hours amid market uncertainty.
- Kraken Retracts Intrusive Monero Withdrawal Questions Amid Backlash
- Kraken Acknowledges Mistake in Questioning Monero Buyers
- Kraken Backs Down on Monero Inquiry After Co-CEO Pushback — this brief
Kraken has retracted emails sent to 
Monero users that inquired about their employment, source of funds, and intended use of withdrawn coins. The decision follows criticism from co-CEO Arjun Sethi, who confirmed that affected users are not obligated to respond to the requests.
Monero (XMR) remains listed on Kraken, although the exchange continues to enforce regional restrictions that limit access to the privacy-focused cryptocurrency in certain jurisdictions.
The incident underscores the regulatory challenges and compliance pressures faced by exchanges dealing with privacy coins. Such scrutiny can affect user trust and influence how exchanges manage listings of privacy-focused cryptocurrencies.
In the midst of this development, Monero's price has seen a 5.31% increase in the past 24 hours, reaching $615.62, while its 7-day performance shows an 8.72% gain. The overall crypto market remains relatively flat, with a total market cap of $2.77 trillion and a Fear & Greed index of 54, indicating a neutral sentiment.
The situation bears watching for further developments in how exchanges handle privacy coins and respond to regulatory pressures. The market's reaction to such incidents and the long-term impact on privacy coin adoption will be key factors to monitor.
Since this brief published about 2 hours ago, Monero (XMR) has moved from $615.62 to $613.73 — -0.31%.
The chart plots XMR's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XMR ≈ ₦846,793.97 (about $613.73), up 7.4% over 24 hours. The naira itself trades about 4.1% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Kraken Backs Down on Monero Inquiry After Co-CEO Pushback — questions & answers
Why did Kraken withdraw the Monero inquiry emails?
Kraken withdrew the emails after co-CEO Arjun Sethi criticized the requests, assuring users they were not required to respond.
Is Monero still listed on Kraken?
Yes, Monero remains listed on Kraken despite ongoing regional restrictions.
How has the Monero price reacted?
Monero's price has increased by 5.31% in the past 24 hours, reaching $615.62.
How much is 1 Monero worth in naira today?
About ₦846,793.97 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $613.73. The naira price moves with both XMR's US-dollar price and the USDT/NGN rate; use our Monero in naira page for any amount.
Has Monero's price moved since this brief was published?
XMR is down 0.31% since this brief first published — trading at $613.73 now versus $615.62 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from TronWeekly. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.