What happened to LocalMonero?
LocalMonero, the largest no-KYC P2P Monero exchange, wound down operations in May 2024 citing regulatory pressure. AgoraDesk (same operator) continues for non-XMR pairs; Haveno and Bisq absorbed much of the user base.
In May 2024, LocalMonero announced a six-month wind-down of operations, citing 'a combination of internal and external factors' widely interpreted as regulatory pressure on the operator. The platform had been the dominant no-KYC fiat-to-XMR P2P venue for years. The wind-down completed by end of 2024. The same operator team continues to run AgoraDesk for non-Monero pairs. For users seeking the LocalMonero replacement, the practical options are AgoraDesk (custodial-escrow, same operator continuity), Haveno (decentralized P2P, multisig escrow), and Bisq (no central operator, supports BTC↔XMR direct trades). See the dedicated explainer at /explainers/localmonero-shutdown-2024/ for the full timeline.
Related services
- LocalMonero none kyc · Hong
- AgoraDesk none kyc · Hong
- Haveno none kyc · decentralized
- Bisq none kyc · decentralized
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Cite as: https://fuckyc.org/q/what-happened-to-localmonero/