Home web3.0 Where will Monero be traded in 2024?

Where will Monero be traded in 2024?

Apr 28, 2024 am 10:54 AM
Bitcoin cryptocurrency Ethereum geographical location Binance usdt exchange Huobi trading platform

Monero (XMR) trading platforms in 2024 include: Centralized exchanges: Binance, Huobi, Kraken Decentralized exchanges (DEX): Uniswap, PancakeSwap, Bisq peer-to-peer (P2P) platform : LocalMonero, HodlHodl Hard Wallet and Software Wallet

Where will Monero be traded in 2024?

Monero 2024 Trading Platform

Monero ( XMR) is a privacy-focused cryptocurrency that is expected to continue to be tradable on the following platforms through 2024:

centralized exchanges

  • Binance: The world’s largest cryptocurrency exchange, offering Monero trading pairs including XMR/BTC, XMR/USDT and XMR/BUSD.
  • Huobi: Another large exchange offering XMR/BTC, XMR/USDT and XMR/HUSD trading pairs.
  • Kraken: US-based exchange offering XMR/USD, XMR/EUR and XMR/BTC trading pairs.

Decentralized Exchange (DEX)

  • Uniswap: DEX based on Ethereum, allowing users to Exchange Monero without an intermediary.
  • PancakeSwap: DEX based on Binance Smart Chain, also allows users to redeem Monero.
  • Bisq: A fully decentralized DEX that uses Bitcoin as the intermediary currency to exchange for Monero.

Peer-to-Peer (P2P) Platform

  • LocalMonero: A P2P marketplace that connects individuals buying and selling Monero.
  • HodlHodl: Another P2P platform that allows users to securely trade Monero without a middleman.

Other Platforms

  • Hard Wallets: Hard wallets such as Ledger and Trezor allow users to store and trade Monero .
  • Software wallets: Software wallets such as MyMonero and Cake Wallet also provide Monero trading capabilities.

It should be noted that the specific platforms available may vary depending on geographic location and regulatory environment. It is recommended to check the legitimacy and reputation of the platform before trading.

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