But when you've said about it gaining lots of adoptions from exchanges, you have to consider the news of it being delisted mostly in popular exchanges and I think in some other global exchanges as well.
As far as I see it, being delisted from KYCed centralized exchanges is a good thing - it proves that Monero works, the government are unable to trace it or deanonymize it like they can do with every other coin, so instead they are resorting to delisting it. Delisting shows that it works. And as I said before, no one who actually uses Monero cares about this since they aren't using KYCed exchanges in the first place.
Yeah, it's actually good riddance since the main purpose and what monero is boasting for is its privacy and anonymous feature which is ideal for people that want to keep themselves anonymous. And if it's on a centralized exchanges that asked for the user/trader's identity through KYC, that defeats the purpose of it. So, it's truly a good thing and a blessing in disguise for those that sees it being delisted.
But it is understandable that it's still needed to stay in some major exchanges for its liquidity and volume. IMO, we will not see it as a stand alone crypto like mostly used only for P2P trades because of these cexes that won't delist it.
There's a big issue on it and as we can see, it's being cracked by the governments.
So is bitcoin. We are seeing mining pools like F2Pool censoring transactions the government tells them to. We are seeing wallets like Wasabi censoring inputs the government tells them to. We are seeing regulations which will ban self custody and mean bitcoin can only be bought, stored, and sold on fully KYCed centralized exchanges. And yet no one seems to care that bitcoin is marching towards a government permissioned network. Bitcoin is being cracked down on by governments even more strongly than Monero is. The difference is they can't do any of these things with Monero, so they are just forcing it to be delisted instead.
Probably it's because that with government intervention on Bitcoin, this gives us the thought that 'yeah, they're supporting Bitcoin' but if we clear that path on the actuality is you're right. Many of us seems to unnotice what's actually happening on Bitcoin and they've got more control on it and can easily done than Monero. I just hope that purpose of Bitcoin won't be defeated and someday, we don't have to rely on these cexes and governments. But the truth is, this is inevitable for it as part of "adoption".