Ending support for Monero (XMR)
As we announced before, we would like to remind you that due to the end of market trading support for Monero (XMR), we please holders of this cryptocurrency can make withdrawals no later than 20.05.2020. After this date, XMR withdrawals will no longer be possible.
Reason for end of transaction support
Monero (XMR) can selectively utilize anonymity features among projects. This feature of XMR is a subject to end of transaction support. The decision was made to block the possibility of money laundering and inflow from external networks. Monero (and other cryptocurrencies with this specification) has been already delisted on other fiat-crypto exchanges for the same reason.
As a licenced exchange, BitBay has to follow the market standards. Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators.