Bithumb will stop trading Monero token from June 1

South Korean largest exchange Bithumb will remove the Monero token from its site from June 1 of this year. Private cryptocurrency has become the subject of discussion by the local community because of the possibility of its use in services that engage in sexual exploitation, and, in particular, one of the channels of the Telegram messenger.

“We adhere to policy standards for the healthy presentation of the market to customers and the protection of investors. At the same time, we are doing everything possible to support the safe trading of all virtual assets traded on Bithumb based on the technical characteristics of each virtual asset, ”said representatives of the trading platform.

We add, the advantage of private coins, such as Monero, is that they can provide complete confidentiality to their holders. However, most of these instruments of power are suspected of paying for illegal goods and services. Monero currently has a capitalization of $ 1.1 billion.