Monero price set all time record

Let's try to figure out what stands behind Monero's new price high
22 November 2017   1813

On Wednesday, November 22, Montero's crypto currency reached a new historic record, confidently breaking the $ 155 mark. Earlier, developers of the popular hardware wallet Ledger confirmed the rapid integration of Monero, Qtum and Stellar into the Nano S and Blue models.

After two months of relative calm, Monero set a new price record, breaking the $ 155 mark. Since September 18, the cryptocurrency has not been able to trade in the $ 80- $ 100 corridor, but since November 8 it began to show stable growth, which ultimately led to the renewal of the historical maximum.

At the moment of prese, these are main XMR market parameters:

  • Average price $151.26
  • Market cap $2,326,149,559 
  • 24h volume $132,485,000

Monero Price Charts
Monero Price Charts

Top three Monero markets are:

  • Bithumb 32%
  • Bifinex 14%
  • HitBTC 14%

Monero Markets
Monero Markets

The fact that the Monero crypto currency, aimed at anonymity, can be added to the hardware wallets of the Ledger family, became known in early September.

BitBay ot Delist Monero

Exchange has to comply with “market standards” and the fight against money laundering
26 November 2019   286

BitBay cryptocurrency exchange announced the termination of support for the Monero cryptocurrency. The platform explained the decision by the need to comply with “market standards” and the fight against money laundering.

Acceptance of deposits at the XMR exchange will stop on November 29, trading will be stopped on February 19, 2020. In addition, due to the Monero network hard fork planned for November 30, the withdrawal of XMR will not be possible from November 29 to December 5.

Users are asked to finally withdraw funds by May 20 of next year.

Monero (XMR) can selectively utilize anonymity features among projects. This feature of XMR is a subject to end of transaction support. The decision was made to block the possibility of money laundering and inflow from external networks. Monero (and other cryptocurrencies with this specification) has been already delisted on other fiat-crypto exchanges for the same reason. As a licenced exchange, BitBay has to follow the market standards.
 

BitBay

 As you can see, BitBay named Monero's anonymity as the reason for delisting.