The aggregate volume of trading of bitcoin on P2P platforms has increased to the levels of January 2018, writes Cointelegraph. In the first week of August trading volumes on Localbitcoins and Paxful reached $95 million.
In many Latin American markets in recent weeks, trading activity rose to new highs ― P2P markets of Argentina, Mexico, Chile, Bolivia, Honduras, Paraguay, and Uruguay set a new highs since the beginning of July. Venezuela still leads in weekly volumes that exceed $5 million within two weeks in a row. Colombia is the second largest Latin American market with more than $3 million, followed by Argentina and Peru ($1 million per week).
P2P trade in Africa also continues to grow. While Nigeria still accounts for 50% of the total weekly volume of trading in the region, which is more than $18 million, the markets of South Africa, Ghana, Kenya, Botswana, Zambia and Sudan has set new records over the past two weeks. Kenya is the second largest market in Africa, with weekly trade of $3.6 million, followed by South Africa and Ghana ($2 million).