LocalMonero, the largest peer-to-peer trading platform for the privacy-focused cryptocurrency Monero, has announced it will shut down after nearly seven years of operation. The platform, which has facilitated Monero trades since its inception, cited the maturity of the Monero ecosystem, the upcoming launch of alternatives like Haveno, and other decentralized exchanges (DEXs) such as Serai with atomic swaps as reasons for its closure. The shutdown is part of a broader trend where privacy-centric cryptocurrencies are facing increasing delisting from major exchanges such as Kraken, OKX, and Binance due to heightened regulatory scrutiny. LocalMonero has already disabled new signups and will cease all trading activities by May 14.