Topic: Can Monero survive exchange de-listings and low merchant adoption? (Read 842 times)

Yeah, many people come to crypto not for innovation recently, but for the sake of profits only. It's our nature really, and it's hard for some to resist it. People should be more interested in how things work (at least the basics) and what projects steer innovation (because usually, those attract investors collabs and other things more than ever) and get into work and analysis, rather than only seeing numbers and green areas. That's my opinion.

People only want to make money. They don't care if they end up being tracked by the government. With privacy coins being labeled as a "tool for criminals", it's no wonder why the majority are afraid of Monero. They will steer clear from it whenever possible. I agree with you that XMR will end up being de-listed from centralized exchanges. This will only make it more decentralized and stronger than ever.

Of course, market prices and mainstream adoption will fall. But are you into crypto just for the money or because you believe in its tech to change our world for the better? As long as Monero's developers continue to work on it (and has the community's support), don't expect it to go anywhere soon. Fingers crossed it will survive for generations. In crypto land, anything's possible. Right?

Monero is necessary for privacy, so nobody should be cheering for it to go down.

I for one, take back everything bad I've said about it.

Really that hard to make up some conclusions that Monero would die on which i do even have the feeling that this coin would really be that surpassing Bitcoin to be used on dark/deepweb considering about true anonymity which is really that unlike if we do speak about Bitcoin which is pseudonymous as we do all know. Well, this is only my own personal views and opinions on which its really that hard to make up conclusion basing up on whats happening now or speaking about being getting delisted on many exchangers but as long there would be those people whom really that still holding this coin then it wont die no matter what.
They can delist all they want but we do know that we do have those decentralized platforms on which we could really be able to trade or buy those coins.

Its really that not shocking nor really that something new that they would really be that doing their very best on getting rid into something which cant be controlled completely. Yes, it was first mainly focused on Bitcoin but they've seen that this is something that they could able to at least be able to hold on at least but not totally on which it would really be not that possible or cant be just that possible
when dealing up with Monero. This is why government would really be that targeting out those platforms which do allows Monero.

like the needs that must be met so you get the desired benefits of the similar network security properties, and no control of user information, but keep in mind the government does not understand all that they prohibit it, but I think with the most common cryptocurrency seen in transactions, but the development community gives a different picture of this privacy coin, on the other hand treating it well which helps trade, the need for sufficient consideration by providing a number of services to the coin community.

It's a matter of time Monero will be delisted from all centralized exchanges and SEC will declare Monero as an illegal coin which will pressure to other countries except China, Russia, North Korea etc.

Monero can still being used and it will not die, but the price and usage will be low.

Do most people care with their privacy and decentralization? nope, if they care they will buy Bitcoin from no KYC P2P or DEX, same applies to Monero.

It's a shame, really. Didn't hear about the project but from what I've read big hands don't like being challenged in the aspects that matter to them (what a surprise). We shall see if it will be put out of this darkness and into the light, or it will stay there never being able to shine.

I love Monero, it does everything you need in a privacy coin. It’s bulletproof as a privacy method of payment but we have a big problem with regulation, authorities & governments hate it & are desperate to destroy it. It can survive but I don’t think it will dramatically rise in price due to it being delisted & forced into the darkness. It still does what it is required to do but I don’t see mainstream adoption as a possibility.

It’s not just with privacy coins. I have heard this I have nothing to hide so why use them mindset when it comes to the discussion of using mixers. The government has been very successful in shutting down mixers, I believe the more pressure they clamp down on mixers, people will get more scared of using mixers so they do not end up being under the watchlist of the government. I think it is the same challenge that privacy coins are faced with in the crypto industry.

The Monero community is preventing this by creating an infrastructure independent from the big exchanges, with specialized exchanges operating in friendly jurisdictions, and P2P exchanges/markets.

And my expectation is exactly the contrary than yours: The price increase from Binance's delisting on is showing that Monero is worthy as an investment. The recovery versus Bitcoin and other altcoins is gradual but quite steady -- a slight return to lower XMR/BTC levels (but never reaching the lows just after the Binance delisting) in July was recently countered by new XMR/BTC highs in the 0.0028 region during yesterday's dip. 0.003 looks very likely soon, and 0.004, where Monero already traded often before Binance's delisting, is also within reach in a couple of months. If people were only using Monero to increase privacy on BTC and other coins, then this move wouldn't be explainable.

In reality Monero is showing the world how Bitcoin for example could continue to exist if the governments were employing increasingly unfriendly regulations.

Monero should be added to the UN Intangible Heritage. Alongside BTC of course

Not because people don't care about their privacy (although the majority claim they have nothing to hide), but because they're afraid of the government. Most people believe getting caught using privacy coins will result in fines or jail time. Even in countries where privacy coins aren't "illegal" (like the US), you could easily raise suspicion if you're caught using them. It's why Monero has been under the radar of mainstream investors after all these years. It will remain "hidden in the shadows", while the rest (like Bitcoin, Ethereum, Solana) continue to rise all the way to glory.

I'm fine with Monero just the way it is, as long as governments keep their hands off it. Ensuring the network remains decentralized and censorship-resistant is our best bet to help protect our right to privacy. Who knows if XMR lasts for generations?

I thought the demand for Monero would be so high because of its privacy features. But it seems people do not care much about privacy like we thought. It is mistletoe about profits when it comes to buying crypto, the use-cases come after. Monero being a privacy coin is one huge advantage it has over Bitcoin which is pseudonymous. The attack on mixers, Monero and other privacy coins by the government should be enough reason to buy some but it is actually doing the opposite and more people are getting scared of buying Monero. I believe in the long term Monero will get the recognition it deserves.

Only 4 exchanges that I see have heavy traders Bybit, bitget, Binance, and OKX where Monero is delisted.

It's not worth holding for long term Monero might totally be removed from currently available exchanges once other exchanges are chased by authorities. I guess Monero will just die like other privacy coins like Grin and Beam coin both of these coins are dying. So it's too risky to hold these coins unless you want to exchange them immediately for other assets while other exchanges still accept them.

Reviving this thread because Monero did it again: it largely escaped the big crypto dip. In the last month it only lost 7%, and in the particularly bearish last 7 days less than 9%. Trading currently at 145-150, with daily highs and lows between about $138 (in the moment of maximum panic today morning) and $155.

I believe this happens because Monero is now partly disconnected from the big CEX markets. Most heavy speculation probably takes place on Binance. I don't know where the big drops originated but for sure Binance holders were among those most prone to panicking. And being less exposed to these folks can be an advantage

If demand stays strong, we should have nothing to worry about. Monero might become stable enough (as in market price) to be used as a currency for day-to-day payments. Hopefully, prolonged bear markets won't affect XMR's value over time. With how things are going for Monero, I think it will turn into a better Bitcoin alternative. More decentralized, and private.

Who needs CEXs, the government, and "Wall Street"? Satoshi always wanted Bitcoin to be free from middlemen. It's likely Monero will fulfill Satoshi's original vision by being a truly-decentralized and censorship-resistant cryptocurrency. As long as it stays that way, no one will be able to stop it.

There was an immediate recovery from even less than $110 to $120-130. But the reason why it took so long for a more substantial recovery has two reasons for me.

First, there were more bad news incoming in the months following, for example the delisting on Kraken in several European countries, and the current version of the AML directive 6 in the EU which can be interpreted in a way that from 2027 on Monero accounts can't be traded on European (centralized) exchanges (I interpret it a little bit different, but the "de facto ban" interpretation is a real possibility). For sure these news triggered dumps, but the strong demand prevented XMR to fall to new lower lows.

In addition, I believe that as Binance (the biggest crypto exchange) is not longer listing it, strong bullish movements are less likely. In the altcoin sector I'm quite sure that these "green candles" are often triggered by retail traders FOMO on some centralized exchange, and Binance is the most likely place where this occurs as most other exchanges follow it. In general that could mean that a more diversified exchange landscape without a clear "price leader" could lead to more price stability. In this situation, this didn't benefit Monero but held it back a bit.

XMR has fallen again a bit lower (under $160) today, but that's not Monero's fault but was triggered by the weak Bitcoin price evolution.

This is very interesting and, shame on me, I didn't notice that.


A recovery after a panic sell is quite usual. And while I understand that it took some time for the traders make sure the price will not go further down badly before they've started taking it seriously again,... it took quite a lot until this recovery has started. Almost 4 months!


Nice analysis!

I'll also add that I had a quite nice surprise to see Monero being traded here and there - in more places than I've expected. And I'm not a trader, I've only noticed it (!!)
With KYK-less exchanges gaining "market share", this trend has a good chance to continue/grow.
At least there's still hope.

Not only it will survive but in 2030, it will be the first crypto to be used in the world. People will need Monero to struggle against totalitarism.

It could easily go down to $1, if mainstream adoption continues to decline. The removal of XMR trading pairs on centralized exchanges will give less exposure to the cryptocurrency. Only those who know about DEXs and P2P trading platforms will be able to obtain access to Monero. The rest of the people will be unaware of XMR as it will be completely removed from the centralized market. And if governments make it "illegal", things will be even worse.

With most people claiming "they have nothing to hide", privacy coins will become a niche in crypto land. At least the core Monero Blockchain network won't be going anywhere soon. That's assuming it stays decentralized and censorship-resistant. It'll be a "dark future" for privacy and freedom, so don't expect things to get better soon.

I'm not the only one who had predicted that recovery.

During the dump near the Binance delisting, there was massive demand for Monero on some of the exchanges who still offer it. On Exch, for example, they had to set the fee to 20% to protect their XMR holdings. Still their fee for BTC -> XMR is higher (5%) than XMR -> BTC (0,5%) which indicates that the demand for Monero is solidly above the available supply.

The Binance delisting dump was thus probably simply a undervaluation, and it is now correcting to its "fair" value. The way the dump itself evolved can be easily explained: first, traders on Binance tend to be retailers and thus have weak hands, and they simply panicked and sold (also amid fears the XMR could be "banned" everywhere). Second, during some time XMR withdrawals were stopped on Binance and that had probably deepened the panic.

So there are strong indicators that at the time where XMR traded around $110-130 there were some factors in play that did not really indicate a slowdown in real demand, so the price was distorted at that moment. If we look at the Monero transaction chart, for example, the numbers are quite stable. There were spam attacks in April/May which don't count of course, but after those wave it seems the number of transactions per day returned to a slightly higher level than before, and there are no significant changes between before/after the delisting. And there are decentralized market/exchange projects based on Monero which seem to have been making progress lately too, so the hope may have returned.