The dark web has long been a haven for illegal activities, with its anonymity and untraceable transactions making it a breeding ground for criminal enterprises. And at the center of this underground economy is the largest illicit online marketplace, which has recently expanded its reach even further with the launch of its own cryptocurrency products.

According to Elliptic, a blockchain analysis firm, this dark web marketplace has seen a significant increase in its crypto-related activities since the introduction of its own digital currency. This includes the buying and selling of illegal goods and services, as well as money laundering and other illicit financial activities.

The marketplace, which remains unnamed for security reasons, has been in operation since 2011 and has become a one-stop-shop for all kinds of illegal transactions. From drugs and weapons to stolen personal information and hacking tools, this platform has it all. And with the introduction of its own cryptocurrency, it has made it even easier for criminals to conduct their business without leaving a trace.

But the rise of this dark web marketplace and its use of cryptocurrency has not gone unnoticed. Law enforcement agencies and regulatory bodies are constantly monitoring and cracking down on these illegal activities. In fact, Elliptic has reported that over $400 million worth of cryptocurrency has been seized from this marketplace alone.

Despite these efforts, the marketplace continues to thrive, with its crypto products being a major contributor to its growth. And as long as there is a demand for illegal goods and services, it is likely that this dark web marketplace will continue to expand and evolve, posing a challenge for authorities and the crypto industry alike.

In conclusion, the launch of its own cryptocurrency has only strengthened the position of the world’s largest illicit online marketplace, making it a force to be reckoned with in the dark web economy. And as the use of cryptocurrency becomes more widespread, it is crucial for regulators and law enforcement to stay vigilant and adapt to these new challenges in order to combat illegal activities on the dark web.