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Latin American markets had record P2P transactions in April

May 3, 2020

Amid the decline in total volume Localbitcoins.com continues to be a peer trading center (P2P) in Latin AmericaAccording to Coin.dance, Argentina, Chile and Venezuela have recorded record volumes in recent weeks.

Last week the trade of Local bitcoins between Bitcoin (BTC) and the Mexican peso rose 71%. For this reason, there was a change in ownership of BTC in Mexico worth approximately $ 430,000 in the week of April 25th. This is the fourth most intense weekly trading activity ever recorded.

The Latin American markets recorded a record volume in April

P2P trading in Argentina has mobilized to reach a new record of weekly volume of over $ 710,000 in the week of April 18th. There was a slight drop in volume last week, with BTC changing hands for the equivalent of $ 670,000.

Latin American markets had record P2P transactions in AprilLatin American markets had record P2P transactions in April

The Colombian trade It has also recovered to test the highest volume thresholds of all time in the past month, with the week of April 4th also producing the second highest trading day on the market Volume of $ 2.7 million. In the following weeks, the volume was between 2.1 and 2.6 million dollars.

A record volume was released in the week of April 4th Chile With almost USD 400,000 trade. The record followed months with steadily increasing volume and was preceded by weekly trading activity between $ 280,000 and $ 325,000.

Venezuela records successive volume records

trade Localbitcoins last week set a new volume record in Venezuela of $ 4.1 billion in BTC change hands in seven days.

The week was the fourth time in a row that Venezuelan weekly trade had hit a record since early April.

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