Bitcoin P2P Trading Wars: Localbitcoins Posts Records, Paxful Surges, Bitsquare Slumps

Want create site? Find Free WordPress Themes and plugins.

LocalBitcoins is still breaking trading records despite an overall decrease in Bitcoin network transactions, with two countries posted new highs last week.

Data from Coin Dance shows that for the week ending July 1, Morocco and the Philippines transacted more on LocalBitcoins than ever before.

Both zones saw spikes in volume which built on the previous week’s lively numbers. In Morocco’s case, that week also constituted a new all-time high.

Weekly LocalBitcoins Volume (Morrocan Dirham)

Weekly LocalBitcoins Volume (Phillppine Peso)

Given the overall slowdown in Bitcoin network activity, which Cointelegraph reported on yesterday, the spike in enthusiasm does not have an obvious cause.

Last month, LocalBitcoins introduced a new fee system aimed at countering its expenses engendered by Bitcoin’s high miner fees. 

Trading patterns across other marketplaces meanwhile show curiously divergent trends. Bitsquare, which earlier this year demonstrated massive growth, has since tailed off, its overall numbers dropping dramatically week from week.

US-based Paxful, by contrast, posted a cross-network all-time high last week, with just shy of $6 mln transacted.

Let's block ads! (Why?)

Powered by WPeMatico

Did you find apk for android? You can find new Free Android Games and apps.



0
Connecting
Please wait...
Send a message

Sorry, we aren't online at the moment. Leave a message.

Your name
* Email
* Describe your issue
Login now

Need more help? Save time by starting your support request online.

Your name
* Email
* Describe your issue
We're online!
Feedback

Help us help you better! Feel free to leave us any additional feedback.

How do you rate our support?