Exodus Wallet Drops Monero: Deadline Set for August 10, 2025
The Exodus team announced the wallet will end support for Monero (XMR) on August 10, 2025. It means you’ll no longer be able to send, receive, or swap XMR in Exodus after this date. What happened? Let's find out.
Exodus Explains
According to the platform's statement, it will end support for Monero as part of their efforts to streamline product offerings to align with Exodus’s future strategy. The official Exodus representative also noted that the current XMR experience no longer meets the standards the platform holds for usability and reliability.
What is happening with Monero in the crypto market?
Monero is a decentralized and open-source cryptocurrency launched in 2014 that focuses on privacy and security. Known for its strong anonymity features, it allows users to send and receive funds without revealing transaction details, making it extremely difficult to trace the parties involved.
It's worth noting that Exodus is ending support for Monero at a time when regulations on privacy-focused cryptocurrencies are becoming stricter. Exchanges like Binance and Kraken have also removed Monero from their listings in certain regions (such as Ireland), citing regulatory compliance requirements.
The bottom line is that Monero continues to be in demand among users who value privacy despite regulatory challenges. Developers continue to work on improving the protocol and expanding functionality.
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