The strong selling pressure that has dominated the cryptocurrency markets in recent weeks has coincided with a sharp increase in trade between competing companies (P2P) in Localbitcoins markets in Asia and South America. Globally, high tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details activity over the past two weeks has also peaked since September 2017.
It seems that the popularity of BTC among Venezuelan citizens continues to grow exponentially, despite the introduction of the Petro national cryptocurrency.
Last week, December 1, the Venezuelan market showed a record trading volume.
The weekly trade of the BTC Venezuelan banking was about 1,296 BTC, which equates to 2.38 billion Venezuelan Bolivars ($ 238.3 million).
Colombia and Peru
Trading in recent weeks has shown growth in P2P in other Latin American markets. For example, Colombia and Peru have posted a record volume of BTC for two consecutive weeks.
The Colombian record for the week of November 3 was 8.1 billion COP ($ 2.55 million).
Peru posted a record trading volume for the week of October 20, about 3.15 million PEN ($ 931,730).
Argentina and Chile
The Argentine and Chilean P2P markets also recorded a rate for the week of November 10, amounting to: 8.25 million Argentine pesos ($ 220,730) and 243.5 million Chilean pesos ($ 363,000 , for seven days.
Asian P2P markets have also shown significant growth in recent weeks, and several markets have the highest transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details in 12 months, measured at BTC. Last week, South Korean P2P markets published the sixth largest record figure with 74.3 million Korean BTC wins ($ 66,715).
Trading week from December 1 was also the most productive since July 2017.
During the week of November 24, Indonesia published its second largest trade volume, Localbitcoins, in fiat currency, more than 1 billion Indonesian rupees ($ 69,475).
Latin America and Asia
This week has also been the most productive since March 2017.
During the week of November 24, significant trading activity was also observed on the Indian market of Localbitcoins. It was the fourth largest figure recorded in fiat, with about 122 million Indian rupees (1.73 million dollars).
Approximately 36.7 million Kazakhstani tenge ($ 99,085), which is about 16 BTC trade coins.
Editor: Yuliya Soroka