Author Topic: One of Eastern Europe’s Biggest Crypto Services Is a Darknet Market  (Read 5 times)

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Hydra is the sixth-largest crypto service by volume in Eastern Europe. It’s more popular than Kraken, OKEx and Poloniex.

A cryptocurrency-fuelled black market is one of the largest crypto services in Eastern Europe, according to a year-long study by blockchain analysis firm Chainalysis.

In its 2020 Geography of Cryptocurrency Report, an excerpt of which was published today, Chainalysis found that darknet market Hydra is the sixth-largest crypto service by volume in the region, which comprises Russia, Ukraine among other countries.

In fact, Chainalysis found that Eastern Europe is the world’s hub for darknet market activity, with 21% of the world’s darknet market activity winding up in the region. The region sends a total of $41 billion to illegal entities, or 1.4% of its total transaction volume.



https://decrypt.co/41775/eastern-europe-biggest-crypto-darknet-market