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Institutions & ETFs · 1 min read

Kraken Ends Monero Withdrawal Questionnaires While Retaining Listing

Co-CEO Arjun Sethi calls post-withdrawal questions unacceptable, though source-of-funds checks remain in place.

Editorial oversight: Julian Mercer, Chief Editor
Neutral
$XMR $586.68 −3.6% $BTC $80,805 −1.0%

At a glance Announced

What happened
Kraken halted questionnaires asking customers about planned uses for withdrawn Monero while keeping the asset listed.
Why it matters
The change removes post-withdrawal usage queries for Monero users while maintaining standard source-of-funds compliance checks.
Who is affected
Kraken users trading and withdrawing Monero.
What's next
No next step announced.
Primary source
thedefiant.io: Kraken Scraps Monero Withdrawal Questionnaires, Keeps XMR Listed

Key points

  • Kraken eliminated questionnaires asking clients what they plan to do with withdrawn Monero ($XMR).
  • Co-CEO Arjun Sethi described asking customers about post-withdrawal coin usage as unacceptable.
  • The exchange confirmed that standard source-of-funds checks remain in place and XMR remains listed.

Cryptocurrency exchange Kraken has stopped issuing withdrawal questionnaires to clients removing Monero ($XMR) from the platform 1. The exchange confirmed it will keep the privacy-focused token listed for active trading, according to statements reported on Oct. 24, 2026 1.

Under the updated operational protocol, Kraken will continue executing mandatory source-of-funds checks for its accounts 1. However, the exchange has eliminated the supplemental surveys that previously requested specific information regarding how users intended to spend or transfer their assets following an outbound transaction 1. Kraken co-CEO Arjun Sethi stated that asking clients to disclose what they plan to do with their withdrawn coins is unacceptable 1.

Exchange Policy and Compliance Frameworks

Maintaining the $XMR listing without withdrawal destination questionnaires preserves spot trading access for privacy token users while narrowing customer scrutiny to the origin of deposited capital rather than its final destination 1. At the time of writing, Monero traded at $578.04, down 4.8% over the prior 24 hours, amid broader market conditions where Bitcoin ($BTC) stood at $80,771.

Sethi and Kraken have not detailed any further modifications to compliance procedures or additional timeline changes for token evaluations 1. Kraken's approach retains verification of inbound account capital through standard source-of-funds documentation while maintaining unencumbered post-withdrawal execution for its users 1.

Sources

  1. [1] Kraken Scraps Monero Withdrawal Questionnaires, Keeps XMR Listed — thedefiant.io, October 24, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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