Kraken Reverses Controversial Monero Withdrawal Checks
Kraken co-CEO Arjun Sethi has withdrawn the contentious Monero withdrawal questionnaires, reaffirming support for XMR.
Kraken co-CEO Arjun Sethi has withdrawn the contentious Monero withdrawal questionnaires, reaffirming support for XMR. Monero (XMR) is trading at $601.48, down 0.3% since this brief published. This is an original TLT brief based on reporting by The Coin Republic, with live market data added, as of Sun, 25 Oct 2026 11:00:04 UTC.
This reversal addresses user privacy concerns and reinforces Monero's commitment to anonymity, potentially bolstering its market position.
- Kraken withdrew controversial Monero withdrawal questionnaires on October 24.
- The checks, criticized for seeking sensitive financial data, are no longer required.
- Monero's price rose 3.11% in the last 24 hours following the announcement.
- 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
- Kraken Reverses Controversial Monero Withdrawal Checks — this brief
Kraken co-CEO Arjun Sethi announced on October 24 that the cryptocurrency exchange has withdrawn controversial 
Monero withdrawal questionnaires. These questionnaires, which sought sensitive financial information from Monero customers, had drawn significant criticism for potentially compromising user privacy.
Sethi clarified that no regulatory rule required the disputed requests, and the decision to withdraw them was made to address user concerns. The exchange has informed affected users about the change.
The development comes after weeks of scrutiny over Kraken's handling of Monero transactions. Monero, known for its privacy features, has faced regulatory pressure in various jurisdictions.
In the broader market context, the total crypto market cap stands at $2.75 trillion, with 
Bitcoin down 0.40% in the last 24 hours. Despite the market's flat performance, Monero has seen a 3.11% increase in its price over the same period, currently trading at $603.21.
The reversal of the withdrawal checks could positively impact Monero's market position, as it reinforces the cryptocurrency's commitment to privacy and anonymity. Investors and users will be watching to see if other exchanges follow Kraken's lead.
Since this brief published about 1 hour ago, Monero (XMR) has moved from $603.21 to $601.48 — -0.29%.
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 ≈ ₦830,779.21 (about $601.48), up 1.8% over 24 hours. The naira itself trades about 4.2% 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 Reverses Controversial Monero Withdrawal Checks — questions & answers
Why did Kraken withdraw the Monero withdrawal questionnaires?
Kraken withdrew the questionnaires after acknowledging that no regulatory rule required them and in response to user criticism over privacy concerns.
What impact has this decision had on Monero's price?
Monero's price rose 3.11% in the last 24 hours following the announcement.
How does this affect Kraken's support for Monero?
Kraken's co-CEO reaffirmed the exchange's support for Monero, indicating that the decision to withdraw the questionnaires was not a reflection of a change in policy.
How much is 1 Monero worth in naira today?
About ₦830,779.21 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $601.48. 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 0.29% since this brief first published — trading at $601.48 now versus $603.21 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 The Coin Republic. 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.