[vmception]

Exchanges that delisted privacy coins were not doing so because they were viewed as illegal. Those businesses just didn't have the risk profile to ever take anything to court to solidify the obvious reality that they're not illegal. Their relationship with the regulators is too important for them.

Fortunately, CeFi exchanges are less of the volume these days than DeFi and institutional OTC. When I was using institutional OTC in the United States, they would make markets for me in Monero if I asked. If I said "I want to trade this random erc20 altcoin for Monero" they'd say "say less, we got you", and quote me a very competitive price. Same for moving dollars in and out.

But I've been using DeFi AMMs all year.

The DeFi bridges for bitcoin are fine as well. There are only 1 or 2 permissionless ones for Bitcoin itself, for now, but they're okay. Moving a few billion in volume already this year. The permissioned ones operate under the same risk profile and regulatory profile as exchanges do, so its not a deal breaker if you already use CeFi, and the user experience on any bridge can still be better - depending on what you want to do.

Even Monero has a permissionless bridge too now, on the Secret Network. so you don't even need any exchanges or those sketchy centralized swapping services to move in and out of Monero anymore, and from Secret Network you can bridge to the broader DeFi ecosystem.

This should get even better.