Bitcoin
$41,603.72+0.35%
Ethereum
$2,222.62-1.39%
Binance Coin
$225.73-0.28%
XRP
$0.61465472-2.81%
Solana
$59.43-8.01%
Cardano
$0.40007574-2.74%
Dogecoin
$0.08895983-1.39%
Tron
$0.10319975-9.36%
Chainlink
$15.32-6.02%
Avalanche
$22.18-1.08%
Toncoin
$2.30-1.79%
Polygon
$0.79451935-4.81%
PlayIconNav
Crypto Prices CoinDesk Market Index CoinDesk Market Index
Markets

This Dark Web Market is Planning to Add Support for Ethereum

One of the most well-known dark markets is looking to add support for ethereum in the coming weeks.

By Garrett Keirns
AccessTimeIconMar 20, 2017 at 3:55 p.m. UTC
Updated Sep 11, 2021 at 1:10 p.m. UTC
Web

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

One of the most well-known dark markets is looking to add support for ethereum in the coming weeks.

A moderator for AlphaBay – one of the world's most popular dark markets, according to data from DeepDotWeb – took to Reddit over the weekend to announce that it would integrate ether payments beginning on 1st May.

According to a PGP-signed moderator post on the AlphaBayMarket subreddit, recent price increases drove the integration decision.

The moderator wrote:

"We are currently laying out the framework to make ETH acceptance possible, and we will enable ethereum deposits and withdrawals starting May 1st, 2017. Vendors wishing to accept ethereum can edit their listings and set the 'Accept ETH' to 'On' in order to be able to be paid in ethereum."

It's not the first time the market has looked to digital currencies beyond bitcoin for listing. AlphaBay previously made waves in August 2016 when the market announced the integration of privacy-centric digital currency monero as a payment.

The moderator indicated that other platform upgrades are pending.

"We have plenty of new stuff in the works, so expect more updates in the near future," they said.

Image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.