Monero Trading Shifts to No-KYC Platforms Amid Regulatory Pressure

The trading pair of XMR (Monero) has seen significant activity on Godex, a non-custodial cryptocurrency exchange. In June 2026, five out of the top 15 most-traded pairs involved XMR, making up nearly a third of the platform's top trading pairs.

This surge in XMR trading comes after Monero was delisted from several regulated exchanges due to the EU's MiCA regulations and AMLR Article 79. These laws require licensed exchanges to block any cryptocurrency with an inbuilt anonymization function unless holders and their transaction history can be identified, which is impossible for Monero by design.

Godex, on the other hand, operates under a no-KYC (Know-Your-Customer) model, allowing users to conduct transactions without identity verification. The platform's non-custodial nature means that users' assets are never held in a shared exchange account.