Darknet markets are increasingly returning to Bitcoin (BTC) as an initial encrypted currency due to high liquidity challenges and access to metal currencies that focus on privacy such as Monero (XMR), according to Eric Jardin, e -crime research leads to negative analysis.
“After the main stock exchanges deleted XMR, we noticed a significant increase in bitcoin flows,” Garden said in an interview with Coindesk. “Low accessibility is to direct users to bitcoin.”
Many western markets on Darknet- Part of the hosted internet within an encrypted network and can be accessed only through tools for providing anonymity-either transferred entirely to Monero or work with it in parallel with Bitcoin before deletion. XMR decreased after removing it from the main exchanges.
OKX removed XMR and other privacy -focused symbols including Dash (Dash) and Zcash (ZCH) at the end of 2023. Binance announced in February 2024 that it had planned to cancel List Monero.
“When a special currency or symbol is no longer a distinctive code, or the industry changes, we are making a deeper review and frustrating it,” Pinns said at the time.
The data on the series Bitinfocharts shows that the daily number of Monero transactions has decreased to half this time last year.
“In order to be an effective way of exchange, you need a certain amount of liquidity and a specific amount of access.”
Garden confirmed that the illegal cryptocurrency transactions only represent a simple share of the total encryption activity.
“Illegal transactions are usually constituted in or less than 1 % of total encryption activities. While treating these problems are necessary, placing marks widely negatively negatively and reverse the results.”
Serial analysis data shows that about 0.14 % of all transactions in encryption are about $ 50 billion, including illegal activity, with a rise in stablecoins as an illegal payment mechanism.
Stablecoin, with the T3 Financial Crime Unit, is fighting TON, a group that includes TTher-Tether and TRM Labs freezes more than $ 100 million in infection boxes.
Garden also pointed out that law enforcement agencies give priority to Darknet markets mainly on the basis of their scope and participation in the Fntanil trade.
He said that its presence is highly escalating from the possibility that the Darknet market attracts the attention of law enforcement, because drug control is a priority for international law enforcement.
He said: “The markets have different levels of sensitivity to sales associated with fentanel.” “Some claim that they do not do it, then they do not do seller of the police; some claim that they do not do it, but they do it. Some will sell the products of the spikes but not the final products.”
In fact, one of the latest in the Darknet Market market was the enemy market on the Internet. The US Department of Foreign Asset Control (OFAC) specifically cited the role of the market in the fentanel trade as a reason for the statue.
As a result, OFAC imposed a number of encryption portfolios associated with its operator, Behrouz Persarad: 44 BTC addresses and 5 XMR portfolios.
Source: https://www.coindesk.com/markets/2025/03/31/it-back-to-bitcoin-for-darknet-Marksts-AFter-Monro-s-binance- Deelisting