Kraken Keeps Monero Trading Open; Deposits Paused
I note Kraken has kept Monero (XMR) trading and withdrawals open while suspending deposits until it is safe. Existing holders can still trade or withdraw, but new inflows are temporarily blocked.
I would watch order-book depth and price action closely because deposit suspensions can reduce buying pressure and increase volatility. I recommend avoiding new deposits or fresh buys until Kraken confirms deposits have safely resumed.
Analysis
Recommendation
Monitor exchange updates and order-book liquidity. If you hold XMR, consider maintaining an exit plan; if you’re looking to buy, wait for deposit resumption or clearer signals of normal operations.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.