It's Back to Bitcoin for Darknet Markets After Monero's Binance Delisting: Chainalysis

It’s Back to Bitcoin for Darknet Markets After Monero’s Binance Delisting: Chainalysis


Darknet markets are increasingly returning to bitcoin (BTC) as their primary cryptocurrency because of rising liquidity and accessibility challenges associated with privacy-focused coins like monero (XMR), according to Eric Jardine, cybercrime research lead at Chainalysis.

“After major exchanges delisted XMR, we observed a significant increase in bitcoin inflows,” Jardine said in an interview with CoinDesk. “Reduced accessibility is steering users back toward bitcoin.”

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