Bitcoin is still the crypto of choice for darknet marketplaces

A survey carried out by The Block Analysis has discovered that bitcoin stays the cryptocurrency of choice for funds and withdrawals for many darknet marketplaces.

The Block’s Steven Zheng discovered that amongst the 49 darknet markets surveyed, about 98% of them assist bitcoin.

Monero is the second-most widespread cryptocurrency — it is utilized by 45% of markets — with litecoin and bitcoin money drawing assist from 29% and 12% of the survey markets, respectively. The outcomes largely mirror these gleaned throughout a 2019 survey, although in that case, ETH was third-most widespread at the time.

 

A report printed earlier this yr by Bitfury Crystal discovered that darknet entities are turning to transaction mixers — which assist obscure the provenance of funds — in rising numbers. 

Learn The Block Analysis’s full report right here. 

 

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