Criminal activity accounts for no more than 1% of transactions in the bitcoin network

bitcoin network

Criminal activity accounts for no more than 1% of transactions in the bitcoin network, according to the European crypto exchange platform

Taking into account the previous research in this field, the results of which differed significantly, Worldcore conducted its own analysis.

According to Aleksei Nasonov, head of Worldcore’s expert group, an indirect approach was adopted to assess the volume of transactions with illegal goods, in which transactions with “lighted” criminal wallets were not analyzed directly.

Instead, based on big data obtained from “trustworthy sources”, the capacity of the criminal goods market and its segments in the darknet was first determined. And only after the total volume of illegal trade was compared with the total volume of transactions in the bitcoin network for the selected time interval.


As a result, Worldcore analysts determined that bitcoins accounted for only 0.67% of the total turnover of illegal goods. The result was also close to the results of a study conducted earlier by the British research group Elliptic.

“This suggests that the total volume of cash transactions of the bitcoin network contains no more than 1% of funds received from criminal activity,” representatives of Worldcore stated.

They also noted that as a result of the work of bitcoin mixing services fragmented into small parts, “criminal” coins are included in even absolutely legal transactions of licensed exchanges and exchangers.