World’s largest P2P XMR crypto exchange announces imminent closure.

The following post was made to the service’s forum, blog, and to the darknet forum Dread, by the operators of LocalMonero.co and Agora Desk.

Official LocalMonero Statement:

Hey everyone,

After almost 7 years of operation, due to a combination of internal and external factors, we have made the difficult decision to close our platform.

We’re extremely thankful for the love and support we’ve received over the years. We couldn’t have done it without you. We love you all

LocalMonero has been around for most of Monero’s life. Fortunately, the Monero ecosystem has matured a lot over these years, and with the imminent launch of Haveno and other DEXs like Serai, atomic swaps, the coming addition of FCMP (full blockchain anonymity set replacing rings of 16) as well as the continuing and rapidly accelerating development of the Monero protocol, we’re confident that Monero’s future is bright, with or without our platform.

The winding-down process begins today, and finishes 6 months from now. Our support staff will be available for help throughout this period.

1. Effective immediately, all new signups and ad postings are disabled;
2. One week from now, on May 14th, 2024, new trades will be disabled as well;
3. 6 months from now, on November 7th, 2024, the website will be taken down. Please reclaim any funds from your arbitration bond wallet prior to that date, otherwise the funds may be considered abandoned/forfeited.

Can I still register / post an ad?

No, registrations and ad postings are disabled, effective immediately.

Can I still trade if I have an account?

You will be able to trade until May 14th, after which new trades will be disabled.

How long do I have to access my account and recover any funds?

Until November 7th, 2024. After that, the funds may be considered abandoned/forfeited.

I have trades/disputes open, what do I do?

All trades have to be finalized or cancelled prior to 2024-11-07. We will continue to arbitrate and mediate any remaining disputes up to that date.

Can I delete my user data?

Yes, on the website, just login and open your account settings, in the “Personal” tab you’ll see the “DELETE ACCOUNT” button at the bottom. This function isn’t implemented in the mobile app, so you’ll need to use a mobile browser to login and delete your account from a mobile device.

I have another question that’s not covered here, how do I get assistance?

Our support will be available up until the closure on 2024-11-07. If you need any sort of help, please feel free to reach us through our usual support channels.

Is there any way I can express my gratitude for the service / donate?

We won’t be taking any donations. Consider donating to a CCS initiative instead. However, if our platform served you well throughout the years, we would be grateful if you left a review on TrustPilot (leave a review for LocalMonero / leave a review for AgoraDesk). Your positive reviews will be cherished by our team

That’s it for this announcement. It’s been a pleasure and a privilege helping the community.

With our eternal love,
The LocalMonero / AgoraDesk Team