Kraken withdrew the emails in which it asked Monero buyers for information about their employer, income and intended use of the funds being withdrawn. Co-CEO Arjun Sethi called the approach wrong and “unacceptable,” confirmed that the withdrawal questionnaires had been scrapped and said XMR would remain listed on the platform. Most of Kraken’s operations in the European Union, the United Kingdom and Canada already prohibit Monero trading, while the U.S. platform imposes monthly deposit and withdrawal caps. XMR inflows to Kraken and Bitfinex surged, triggering a 14% decline from $659.6 to $564. The support zone above $520 has emerged as a key level for demand to recover.
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