Access and liquidity problems for crypto currencies focusing on privacy, Bitcoin of user preferences in Darknet markets $82,177.37caused him to turn to. In previous years, alternative crypto currencies such as privacy -oriented Monero were preferred, while the removal of these currencies from large stock exchanges changed user behavior. Increased audit pressure and transparency demands directly affect the dynamics in the market. Bitcoin has started to play a reward again, especially on Darknet platforms operating in Western countries.
Retail of Privacy -Oriented Crypto Coins
Monero, which was preferred by far in Darknet markets, came to the fore with its high level of privacy. However, as a result of the measures taken by large crypto currency exchanges against regulatory pressures, privacy -based crypto currencies such as Monero were removed from the lists. This step of leading platforms such as Binance and OKX made users seriously difficult for users to access these crypto currencies. Thus, Darknet users began to turn to Bitcoin, which is more easily accessible and has a high liquidity.
According to Eric Jardine, Chainalized Cyber Crime Research Officer, this trend is directly linked to access barriers. “After removing the big stock exchanges from the list, Bitcoin flow was observed significantly increased,” Jardine says and adds. Apparently, more practical reasons are decisive in the preferences of Darknet users.
Transparency and audit pressure increases
Super -chain data show that the rate of those associated with crime in all crypto money transactions is quite low. According to Chainalysis’s analysis, this rate is only 0.14 %. In other words, unlike the impression of the public, illegal transactions constitute a small part of the crypto currency world. Nevertheless, the pressure of regulatory institutions on Darknet has not decreased.
Recently, audit activities, which focused on areas such as synthetic drug trafficking, gained momentum. Following the operation against the Darknet Platform called Nemesis, sanctions were imposed on wallets associated with the platform. Such moves stand out among the steps taken within the scope of the fight against crime at the crypto currency ecosystem. Crypto currencies such as Bitcoin, such as a more transparent structure, become more traceable for both users and regulators in this environment.
This transformation in user habits is not only for technical reasons; It is also related to ease of access and compulsory adaptation created by regulatory pressure. The fact that crypto currencies focusing on privacy like Monero become inaccessible directing users to more transparent alternatives, albeit inadvertently.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
