Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High

Weekly sight-to-sight bitcoin trading volumes topped $95 million globally with several countries recording light all-time highs for the year.

The file trading volumes coincided with essentially the most bullish week for cryptocurrencies with bitcoin (BTC) temporarily trading above $12,000.


As files from Usefultulips shows, sight to leer bitcoin trading volumes for the week topped an same of $95 million. The figure surpasses $92.4 million, essentially the most attention-grabbing weekly quantity value in 2019.

The files combines trading volumes at two sight-to-sight trading platforms, Localbitcoins and Paxful. In step with the a similar files, the month of December 2017 had essentially the most attention-grabbing ever recorded weekly traded quantity. Trades totaling $131 million had been recorded.

Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High

In the meantime, a crash down of the $95 million by space shows that North The US is leading with $28.7 million. The US takes the lion’s share of that figure.

The Sub-Saharan Africa space comes 2nd with $18.3 million value of bitcoin maintain being traded between peers within the duration under review.

An additional breakdown of the $18.3 million unearths that Nigeria leads the Sub-Saharan Africa space. In step with the guidelines, Nigerian sight to leer bitcoin trading volumes topped an same of $9.8 million. The figure is solely under the $10.3 million recorded within the week earlier.

Kenya is a a long way away 2nd with $3.2 million value of trades whereas South African sight-to-sight trading volumes topped $2.8 million.

The Sub-Saharan Africa files additionally shows that the gap’s $18.3 million is if truth be told the most attention-grabbing ever recorded. A noticeable spike in trading volumes which began in April means that Covid-19 and lockdown measures can even need made sight to leer bitcoin trading extra appealing.

In the meantime, Latin The US and the Asia Pacific are two regions with the following absolute top volumes. Both regions had about $13 million value of bitcoins being traded.

As expected, Venezuela, which is grappling with file inflation ranges, leads in Latin The US with nearly $5 million value of bitcoin traded.

Colombia is 2nd with $3.4 million whereas crisis-hit Argentina is a a long way away third with stunning under $1 million value of trades.

In the Asia Pacific, China and India are neck and neck with $4.5 million and $4.4 million respectively. For India, the figure represents a brand light all-time high.

What execute you mediate relating to the increasing sight-to-sight trading volumes? Picture us your thoughts within the comments allotment under.

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Tags in this legend

Bitcoin, COVID-19, crypto, Cryptocurrency, inflation, LocalBitcoins, Lockdowns, p2p, Paxful, sight to leer trading, Usefultulips, Venezuela

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