Monero Usage Remains Stable Despite Massive Exchange Delistings

The privacy coin Monero (XMR) continues to record consistent user numbers, even though major crypto exchanges have gradually discontinued trading of the token. According to a recent report by TRM Labs, transaction numbers in 2024 and 2025 are above pre-2022 levels – despite massive regulatory pressure ^[1].

Platforms such as Binance, Coinbase, Kraken, OKX, Huobi, and Bitstamp have removed Monero from their offerings. In 2025 alone, there were 73 delistings. According to TRM Labs, the stable on-chain activity indicates that demand is primarily driven by users who specifically need Monero's privacy features and are willing to accept higher barriers to entry ^[1].

A structural shift is particularly evident on the darknet: 48 percent of marketplaces launched in 2025 support exclusively Monero – significantly more than in previous years. However, the restricted tradability leads to increased volatility: over the past 30 days, it was approximately two and a half times higher than Bitcoin and Ethereum ^[1].

In early January, Monero experienced a rapid price surge and reached a new all-time high on January 14, driven by renewed interest in privacy coins in the crypto market ^[1].