Bitcoin weekly trading volumes in Venezuela reached a new all-time high, rising to almost $7 million per week on p2p platform LocalBitcoins.
Venezuela LocalBitcoins Weekly Trade Volumes in BTC. Source: Coin.Dance
The recorded trade volumes on LocalBitcoins are just a fraction of overall estimated Bitcoin trading by Venezuelans. As TrustNodes reports, a large amount of trading is taking place on centralized exchanges located in neighboring countries, such as Colombia and Brazil.
In such cases, the total value of Bitcoin trading volumes by Venezuelans is difficult to…
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