Two of the biggest regulated exchanges have moved in opposite directions on the same assets. Kraken halted trading and deposits of every Monero (XMR) market for clients in the European Economic Area at 15:00 UTC on 31 October 2024. OKX went the other way, opening a Zcash (ZEC) spot market at 12:00 UTC on 24 November 2025, more than a year after cutting its privacy-coin pairs.
The two stories usually get bundled into one about European rules. The notices show three separate Kraken exits, one OKX exit and a partial OKX return. They also show a Binance warning on Zcash that was later withdrawn. Here is the ledger, notice by notice.
Key Facts
- Kraken stopped XMR trading and deposits for EEA clients at 15:00 UTC on 31 October 2024. Withdrawals stayed open until 15:00 UTC on 31 December 2024. Leftover balances were converted into BTC by 23:59 UTC on 6 January 2025.
- OKX announced the delisting of Monero and Zcash with effect from 4 January 2024. It suspended withdrawals of XMR, DASH, ZEC and ZEN from 08:00 UTC on 5 March 2024. It opened ZEC/USDT spot trading again at 12:00 UTC on 24 November 2025.
- Kraken ran two further XMR exits. Ireland and Belgium went on 10 June 2024. In India, XMR, DASH and ZEC balances were liquidated between 18 and 22 May.
- Binance removed XMR in February 2024. It removed its Monitoring Tag from Zcash on 9 July 2025, which lifted a delisting warning rather than reversing a delisting.
The Delisting Ledger, Exchange by Exchange
Each line below is dated to the notice it comes from; Kraken's India notice was last updated 19 October 2026.
Exchange
Asset
Action
Date
Kraken
XMR
Trading and deposits halted for EEA clients; withdrawals open until 31 Dec 2024
31 Oct 2024, 15:00 UTC
Kraken
XMR
Ireland and Belgium delisting, with remaining balances converted to BTC
10 Jun 2024
Kraken
XMR, DASH, ZEC
India: margin closed 9 Apr, deposits and trading halted 10 Apr, withdrawals halted 15 May, balances liquidated 18 to 22 May
no year in the notice
OKX
XMR, ZEC
Delisting effective
4 Jan 2024
OKX
XMR, DASH, ZEC, ZEN
Withdrawals suspended
5 Mar 2024, 08:00 UTC
OKX
ZEC
ZEC/USDT spot trading opened
24 Nov 2025, 12:00 UTC
Binance
XMR
Removed
Feb 2024
Binance
ZEC
Monitoring Tag removed
9 Jul 2025
Binance's two rows rest on secondary reporting. Binance's own delisting notice for XMR and its notice removing the Monitoring Tag from Zcash were both unreachable when this was checked. Those two dates have not been confirmed against the exchange's pages.
Kraken Ran Three Separate XMR Exits, Not One
Kraken's EEA notice names all four markets: XMR/USD, XMR/EUR, XMR/BTC and XMR/USDT. It says trading and deposits stopped at 15:00 UTC on 31 October 2024, and that any open XMR orders closed automatically at the same moment. Withdrawals stayed open until the same time on 31 December 2024. Balances left after that were converted to BTC at the going market rate. Kraken distributed the BTC by 23:59 UTC on 6 January 2025.
The Irish and Belgian delisting is a shorter, earlier sequence. Kraken delisted XMR for clients in those two countries on 10 June 2024, after halting trading and deposits on 10 May 2024. Remaining balances were converted into BTC on the June date.
India covers three assets and reads as a sequence rather than a single cut-off:
- April 9, 14:00 UTC: margin positions including XMR, DASH and ZEC were closed.
- April 10, 14:00 UTC: deposits and trading were halted for the three assets.
- May 15, 14:00 UTC: withdrawals were halted.
- May 18 to May 22: remaining balances were liquidated.
The notice gives those days and times without a year, and its last update is 19 October 2026. That matters for anyone comparing it with the EEA notice, because the same three assets leave on a different clock in each jurisdiction.
OKX Cut Privacy Pairs, Then Relisted Zcash
OKX announced in late 2023 that it would delist Monero and Zcash, with the change taking effect on 4 January 2024. Withdrawals of XMR, DASH, ZEC and ZEN were suspended on a separate date, from 08:00 UTC on 5 March 2024. That gave holders roughly two months to move the coins off the venue.
One coin came back. OKX listed Zcash spot trading again, opening the ZEC/USDT market at 12:00 UTC on 24 November 2025. Nothing reviewed here shows a Monero relisting at OKX, so the venue's return covers one of the two assets it dropped.
Binance Untagged Zcash but Kept Monero Out
Binance's side of the ledger has the least primary documentation. Binance removed XMR in February 2024. Before that it had added a Monitoring Tag to Monero, Zcash, Firo and MobileCoin.
A Monitoring Tag works as a warning label. Tokens carrying it are reviewed more often than others. They may no longer match Binance's listing criteria, which puts them at risk of being delisted.
On 9 July 2025 Binance removed the Monitoring Tag from Zcash. That lifted the warning on ZEC, which is not the same as a relisting, and it did not touch Monero. The exchange has said it reviews each digital asset it lists. It may delist one when the asset no longer meets its standards or the industry changes. That policy leaves room for the reversal on Zcash without explaining it.
Binance's compliance posture also changed around these dates. After pleading guilty to violating US banking law and paying a $4 billion penalty, it was required to strengthen its anti-money-laundering and know-your-customer controls. That kind of obligation sits awkwardly beside a coin designed to hide the sender and receiver.
The EU Rule Behind the Retreat
The common thread in the notices is European regulation. The EU's Anti-Money Laundering Regulation passed its final vote in the European Parliament. It bans tools that enable anonymity, and names the listing of privacy tokens such as Monero or Zcash among them. It also requires crypto firms to collect more data on users and their transactions and to monitor non-custodial wallets more closely. Its application date is scheduled for July 2027.
MiCA, the EU's wider crypto rulebook, would prevent exchanges from supporting privacy coins unless the holders' identities have been verified. In 2024 the European Parliament voted through a bill banning the listing of tokens like Zcash and Monero. Its implementation is expected in 2027. On the dates above, the delistings landed in 2024, years before the July 2027 application date.
The Timeline in One Place
- 2024: The European Parliament votes through a bill that will ban exchanges from listing privacy coins such as Zcash and Monero.
- 9 July 2025: Binance removes its Monitoring Tag from Zcash.
- 24 November 2025: OKX opens ZEC/USDT spot trading.
- 19 October 2026: Kraken's India delisting notice is last updated.
- July 2027: The EU's Anti-Money Laundering Regulation is scheduled to apply.
What Would Change This Ledger
A Monero relisting is the clearest thing that would change this picture, and none of the notices reviewed here shows one. Binance removed XMR, OKX ended its Monero pairs, and Kraken closed XMR in the EEA, Ireland, Belgium and India. The Zcash side is more fluid. OKX reopened ZEC/USDT spot trading on 24 November 2025 and Binance removed Zcash's Monitoring Tag on 9 July 2025. ZEC has regained ground that Monero has not.
The dated test is July 2027, when the EU's AML Regulation applies. How exchanges read that text before then decides whether this ledger keeps growing or starts reversing. Privacy assets have not stopped drawing trading attention while it plays out, as the recent move in Midnight's NIGHT token showed. One caveat sits over the whole table. The two Binance lines are the only ones here without a primary exchange notice behind them. A Monero relisting announcement, if it came, would be the first fact to check against Binance's own page.
