Binance Research: Illicit Crypto Still Under 1% of On-Chain Volume, But $75B in Flagged Funds Tests Tracing
The post Binance Research: Illicit Crypto Still Under 1% of On-Chain Volume, But $75B in Flagged Funds Tests Tracing appeared on BitcoinEthereumNews.com. Public narratives still cast crypto as a hub for criminal finance, yet the numbers tell a different story. Illicit activity accounted for less than 1% of total on-chain transaction volume in 2025, according to a report from Binance Research that offers a quiet corrective to the usual headlines. The absolute figure—over $75 billion in illicit funds remaining on-chain—jumped roughly 28% from 2024, but that growth sits inside a vastly larger legitimate ecosystem. The disconnect between perception and data matters because it shapes how lawmakers write rules. Right now, US banks are fighting a landmark crypto bill just days before a Senate vote, arguing that looser custody standards invite illicit finance. When on-chain data shows illicit volume stays below 1%, that argument runs thin. Yet the raw sum—$75 billion—gives regulators a concret