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P2P Bitcoin Trading Sets New Records in the United States

Peer-to-peer- p2p bitcoin trading has set the new record in the United States last week, with over $29 million weekly trading volume shown up on p2p platforms- Paxful and Localbitcoins.

Despite the Covid-19 pandemic and the U.S black lives protest, the year 2020 is witnessing the latest indulgence of the traders in cryptocurrency space, and simultaneously showing the 2nd strongest activity on p2p trading platform comparing May 2018.

Reportedly, investors rushed to exchange bitcoins with U.S dollars on Paxful for over $24 million and Localbitcoins also gained a good spot of trade for approx. $4.6 million in the last seven-day volume.

The latest statistics showed the comparison with May 20, 2018 record where North American p2p trade activity noted over $30 million. Though, June 2020 still needs to buck up in the coming days.

This is seemingly a new wave of interest which is on the rising mode as investors are noticing the growth in P2P crypto trade.

The data sourcing website, Usefultulips has indicated the peak in North American and Middle Eastern/ North African Trade in the past week. Apart from the American and African regions, Canada is also showing approx… $1 million trading in P2P cryptocurrency markets. Whereas, Sub-Saharan African region making $13.6 million in weekly trade, and Venezuela edged over $5million in the past week.

Source- Usefultulips

However, there are some regions such as Russia, Nigeria where the decline has also noticed in the chart.