13/02/19 09:25 UTC-4

BTC trade volumes in Venezuela hit a record high

Venezuela begins to regulate cryptocurrency, BTC trade volumes in the country reached a record level on several exchanges. Against the background of the fast-growing implementation of crypto-technologies, peer-to-peer tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
platforms, such as Localbitcoins and Paxful, reported a significant increase in the number of BTC in the Venezuelan market.

Peer-to-peer (P2P) markets trading cryptocurrencies in Venezuela have recently shown record volumes.

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Localbitcoins and Paxful platforms

On the Localbitcoin platform, the BTC trading volume is growing steadily: in the week to February 9, 2485 coins were sold compared to 2004 coins in the previous week.

Another P2P platform, Paxful, reports similar growth.

As reported by News.Bitcoin.com on Tuesday: the volume of BTC trading for Venezuela on the platform increased by 74.66 percent compared with the previous year. In addition, the number of transactions increased by 118 percent over the same period, an average of 61,534 transactions per month.

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The platform has 40,309 users in Latin America, 8,817 of whom are in Venezuela. There are currently 1,123 active users in the country, most of whom are in the capital Caracas, the company said.

Editor: Yuliya Soroka

See also: "Litecoin grew by 56%: how halving can affect the price of LTC"

#BTC #Venezuela #Bitcoin #cryptocurrency #platform

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