Home Coins Ethereum (ETH) Bitcoin continues to be the crypto of alternative for darknet marketplaces

Bitcoin continues to be the crypto of alternative for darknet marketplaces


A survey performed by The Block Analysis has discovered that bitcoin stays the cryptocurrency of alternative for funds and withdrawals for a lot of darknet marketplaces.

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

Monero is the second-most standard 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 standard on the time.

Bitcoin is still the crypto of choice for darknet marketplaces

 

A report revealed earlier this 12 months 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. 

 

© 2020 The Block Crypto, Inc. All Rights Reserved. This text is offered for informational functions solely. It’s not supplied or supposed for use as authorized, tax, funding, monetary, or different recommendation.



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