Kraken US implementing XMR withdrawal and deposit limits on August 15th

I'm surprised I haven't seen a post here about this yet. Individual withdrawal limits are set to $1,500 and deposit limits are $3500, starting August 15th.

[https://x.com/xenumonero/status/2076807666731520248](https://x.com/xenumonero/status/2076807666731520248)

I personally confirmed this with Kraken Support on Twitter as well.

How are people feeling about this? I know there will be some who carry on as usual with the mantra that CEXs don't matter, but hypothetically if you carried a large monero balance (6 figures, etc)... you've pretty much lost your liquidity. Monero can be used P2P to a certain extent... but for big purchases like a house? I imagine it's niche.

Do you hold out and hope for DEXs like Thorchain or Serai? Do you derisk a bit before Aug 15th? Keep holding Monero without liquidity for awhile and hope for the cyberpunk P2P future? Is there a replacement that's feasible already I'm unaware of?

Overall I think it's a big negative to lose Kraken. However, I'm curious how others think about it. It is also a bummer this is happening with the "pro crypto White House" in a country where we are "free." Lastly I hope it is temporary but I doubt Kraken will roll this back...

Anyway. Curious about your thoughts. Cheers.

(Xpost from rMonero, I just copied the entire post)