Most CEXs have been treating Monero users as guilty-until-proven-innocent for years. Touch XMR and your withdrawal gets frozen, your account flagged - all in the name of "compliance" - which is often more compliance theatre🙃 Mad respect to the holdouts like Kraken who have done their best to push back, but they've even had to pull support for Monero in some jurisdictions. Here's my view. Centralised exchanges were never going to play nice for the sake of it. They're beholden to regulators who treat financial privacy as inherently criminal. None of this should surprise anyone. A solution that I'm advising, and that many of you know has me excited about its potential, is Wagyu (by @PerpetualCow). The whole schtick there is to have Monero tradeable on @HyperliquidX - which means no freeze risk. I know that Hyperliquid is largely a venue for traders, but for ordinary users that means they can deposit ETH, BTC, SOL, USDC, or USDT, swap for XMR, and withdraw that straight to their own wallet. If you were around Monero in its earliest days, before any exchange added it we used a thread on BitcoinTalk for OTC trades, and then someone setup a dedicated exchange (if memory serves it was bmr<dot>exchange<dot>to or something like that?) - dedicated exchanges have always had an edge that general exchanges can never have, and Wagyu+Hyperliquid is no different. It's already the biggest exchange for XMR by a wide margin - both as an XMR-only exchange, and it's creeping up on Kucoin in terms of volume. If you actually use Monero (ie. not as a speculative vehicle), this is the easiest on-ramp we've had in a very long time. I’m ecstatic about the work we’re doing to make it more robust, and more decentralised! app.wagyu.xyz
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