PANews reported on February 17th that a new study by TRM Labs shows that Monero's activity remains stable despite major cryptocurrency exchanges delisting it. The research data indicates that transaction usage in 2024 and 2025 will still be higher than levels seen before 2022. TRM Labs' analysis of market trends and the underlying network infrastructure points out that demand has not diminished even after many large exchanges removed or restricted the token due to traceability issues.

In 2024, major exchanges, including Binance and Kraken, delisted or phased out Monero due to compliance concerns. This year, Dubai's financial regulator banned licensed platforms from listing privacy coins such as Monero and Zcash at the Dubai International Financial Centre, further increasing the pressure.

The research also reveals that Bitcoin remains the preferred currency for real-world ransomware payments. While ransomware operators typically demand Monero, sometimes even offering discounts, victims still tend to pay with Bitcoin. However, darknet markets appear to be evolving in the opposite direction. Researchers found that 48% of new markets launched in 2025 exclusively supported Monero, a significant increase compared to earlier years.