TRM Labs Report: Despite being delisted from major exchanges, Monero network activity sees increase

BlockBeats News, February 17th, TRM Labs' latest research shows that despite mainstream cryptocurrency exchanges delisting privacy coins, Monero's activity remains stable.

The research data indicates that the transaction volume in 2024 and 2025 remains higher than levels prior to 2022. In analyzing market trends and the underlying infrastructure of networks, TRM Labs noted that even after many major exchanges removed or restricted the token due to traceability issues, the demand did not diminish.

In 2024, mainstream exchanges including Binance and Kraken delisted or phased out Monero for compliance reasons. This year, the Dubai financial regulator banned licensed platforms in the Dubai International Financial Centre from listing privacy coins such as Monero and Zcash, further increasing the pressure.

The research results also revealed that Bitcoin remains the preferred currency for real-world ransom payments. Ransomware operators typically demand Monero, sometimes even offering discounts, but victims still tend to pay in Bitcoin.

However, the dark web markets seem to be evolving in the opposite direction. Researchers found that in markets newly launched in 2025, 48% only support Monero, a "significant increase" compared to earlier years.