LocalMonero and AgoraDesk Shut Down: Users Urged to Reclaim Funds

• The team behind LocalMonero and AgoraDesk announces the platform’s closure.
• The platforms cite internal and external factors as the driving forces behind the closure.
• The post states that the Monera trade will be closed on May 14, and the firms will see their complete shutdown in November.

In a recent revelation, the team behind the peer-to-peer trading platforms LocalMonero and AgoraDesk announced the firms’ closure. As per the official notice, the platforms are being shut down due to a “combination of internal and external factors.”

The team declared that the platforms will stop facilitating the trade of the privacy-focused Monero token on May 14. In addition, both platforms have disabled new signups and advertisements on Monero.

AgoraDesk took to X on May 8 to announce the firm’s “difficult decision to close our [their] platform.” The X post stated, “The winding-down process begins today and finishes six months from now.”

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