Kraken Removes Monero Withdrawal Questionnaires While Keeping XMR Listed

WHY IT MATTERS

When you use a cryptocurrency exchange, the exchange typically follows rules similar to banks — they need to know who their customers are and monitor for suspicious activity. Monero is a special type of cryptocurrency designed to keep transactions private, much like using cash instead of a credit card. Because of this privacy feature, many exchanges have stopped supporting Monero entirely, and some that still list it have added extra steps, like questionnaires asking users to explain why they are withdrawing it. Kraken removing these questionnaires means users face less friction when moving their Monero off the exchange, which is notable because the broader trend among exchanges has been to add more restrictions on privacy coins, not fewer.