A recent study has revealed Litecoin to be the second most adopted means of payment among dark marketplaces. The study also indicated a significant increase in adoption of Monero among English-speaking platforms.
Also Read: South Korean Prosecutor Fights to Confiscate Bitcoins from Criminal Proceeds
Dark Marketplaces Increase Altcoin Adoption
The study, conducted by Recorded Future, involved the analysis of 150 leading dark web “message boards, marketplaces, and illicit services” in order to ascertain the scale of alternative cryptocurrency adoption on the part of criminal entities in response to rising bitcoin fees.
Recorded Future states that

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