When you register on Bitstamp. You identify yourself. When you deposit Bitcoin or Monero, those coins are yours. If wallets you send from are blacklisted. You will have to answer question. Transparent ledger like Bitcoin show you many wallets where those coins were before while that is not the case with Monero. To me this seems less problems for exchanges. Since is more similar to the current banking system. Exchange only know they got fiat from this bank. They dont know where that bank got that fiat from like is the case in Bitcoin. There is also no law they should know that.
Monero is not Bitcoin clone, so they need to do a extra work when integrating it to the exchange. Also Monero develops fast so they will again have to spend resources in future to update. That is the main reason why many exchanges dont list Monero.
Yup. They have KYC, of course, they transfer fiat.
When you deposit bitcoin to an exchange, they are not really yours anymore.
You will only get them back, if the exchange, after having traced them, looking for an excuse to confiscate, decides to let you have them.
The not listing Monero part, is probably due to laziness or missing skills.
The risk is legislation. They may have difficulty complying with AML rules.
Yes, there are exchanges that trade Monero and they take that risk for the increased profit it offers. I just don't think it is odd that such a major exchange isn't hosting Monero.
While "being difficult" they are compliant to current legislation/rules.
And while you are saying "major exchange", I'm saying "Who the fuck are Bitstamp".
Check out Bitstamp compared to Kraken in trading volume. I didn't even bother to look it up myself, that's how confident I feel about the outcome.
Trading volume is one thing. Bitstamp has been around since near the beginning and have always focused on a very select few coins to be able to maintain a decent level of customer service.
Not sure why it is odd that an exchange that has a small selection of coins, chooses not to include Monero. I would be happy and surprised if they did offer Monero as Bitstamp is a great on-ramp for European fiat.
Using KYC/AML compliance is often an excuse for being either lazy or incapable.
So they list BTC, XRP, Litecoin, Ethereum and Bitcoin Cash.
Being around for that long time, should have given them time to expand beyond the conservative choices.