Post
Topic
Board Altcoin Discussion
Re: Can Monero survive exchange de-listings and low merchant adoption?
by
d5000
on 09/05/2024, 20:52:32 UTC
If this keeps up, we won't have a way to buy/sell XMR with crypto or Fiat.
At least about crypto-to-crypto exchanges currently there is no problem as there both swap exchanges in locations without legal restrictions for privacy coins (Exch was already mentioned), but also atomic swap based solutions. Atomic swaps at least can't be stopped because they're completely peer-to-peer and trustless, so they don't need even an escrow.

For fiat-to-Monero solutions there could be Haveno soon, however they're taking quite long and I have read somewhere that some are already describing it as "vapourware". Anyway nobody would stop anybody to fork Bisq and offer direct Monero-to-fiat trades.

Adoption for privacy coins is decreasing each day.
I seriously doubt that. The issue with volume @maskishart posted above exists only because these sites only track the big exchanges. They track neither Exch-style services nor DEXes.

Looking at the long term transaction count chart, it seems that while Monero had some decline in early 2023, it now is growing again. I don't count the big recent spikes which were most likely spam attacks, but the trend is going up slightly but constant since about January 2023 (having almost doubled since then).



Source: Bitinfocharts