Despite local cryptocurrency uncertainty, Russia is strengthening its leadership on major peer-to-peer exchange LocalBitcoins in the share of Bitcoin (BTC) trading volumes. Russia has traded the most Bitcoin on LocalBitcoins exchange for two consecutive months, April and May 2020, according to an analysis by crypto media startup CryptoDiffer. Russia trades nearly twice as much BTC on LocalBitcoins as Venezuela and the U.S. According to the data, Russia was responsible for 19% of total BTC trading volumes on LocalBitcoins this May, leaving Venezuela and the United States trailing. LocalBitcoins’ BTC trading in Venezuela and the U.S. reportedly accounted for 11% and …

Popular peer-to-peer (P2P) crypto trading exchange LocalBitcoins saw a major decline in Bitcoin (BTC) trading volumes amid apparent user uncertainty. According to data from Bitcoin (BTC) statistics website Coin Dance, global Bitcoin trading volumes on LocalBitcoins exchange have touched a seven-year low during the week ending on Feb. 22. BTC trading volumes drop from 13K bitcoins in February 2019 to about 3K in 2020 During the weekly period, LocalBitcoins traded just 3,144 bitcoins, or around $28 million at press time, which is the lowest weekly trading amount since May 2013. The new historical low of Bitcoin trading volumes on LocalBitcoins …

China’s Bitcoin (BTC) trading volumes have continued to drop, hitting a two-year low on peer-to-peer exchange LocalBitcoins. According to Bitcoin statistics website Coin Dance, China’s BTC trading volumes have been gradually dropping from late 2019 to the present, touching to their lowest weekly volume in more than two years. During the week ending on Jan. 25, China traded just about 4.5 million yuan ($648,000) on LocalBitcoins, down over 90% from the intra-year weekly high of more than 45 million yuan ($6.4 million). The all-time high of China’s weekly Bitcoin trading on LocalBitcoins was hit in January 2018, and accounts for …