🤓 Leading the way: in 2024, the Russian 🇷🇺 darknet cryptocurrency market grew by 68%

🤓 Leading the way: in 2024, the Russian 🇷🇺 darknet cryptocurrency market grew by 68%

While similar markets worldwide declined by 15%.

🔸 Context: Mainly referring to the Russian marketplace “Kraken” on the darknet — unrelated to the U.S. exchange of the same name. According to Chainalysis data, “Kraken” was the most profitable darknet market last year.

🔸 By the end of 2024, the Russian marketplace generated on-chain crypto sales worth $737 million USD, surpassing foreign equivalents such as Mega and Blacksprut.

🔸 One growth factor is the strict KYC process imposed by regulators, pushing darknet providers toward DeFi platforms where cash-out is easier. This trend is especially strong among wholesale traders.

🔸 Monero is the predominant coin on “Kraken,” due to its privacy features that conceal transaction details, unlike Bitcoin which is more traceable.

🔸 Russian darknet markets show steady growth, fueled by better coordination among providers who outsource key functions — hosting, payments, logistics — to turnkey services like iKlad.biz and Klad.cc.

🔸 New trends: after big darknet markets closed, new models emerged, such as exclusive Telegram marketplaces and platform mergers.

#news #Russia #crypto

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