An analysis of cryptocurrency support in darknet markets

Quick Take

  • Of the 31 darknet markets The Block analyzed, approximately 93% offer support for bitcoin
  • The average number of cryptocurrencies supported per darknet market is 2.4
  • The three top supported cryptocurrencies in darknet markets are: bitcoin, monero, and litecoin
Darknet markets are e-commerce marketplaces only accessible via networks like I2P and TOR. Ever since Silk Road popularized the use of bitcoin for its online bazaar of illicit goods and services, cryptocurrencies have become the go-to asset for the darknet economy. The irreversible and uncensorable features intrinsic to some cryptocurrencies make them the perfect fit […]

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