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Paxful outperformed LocalBitcoin for the first time in weekly Bitcoin exchanges

June 11, 2020

According to a researcher Useful tulips, the Bitcoin blockchain data analytics and monitoring company, both LocalBitcoins.com and Paxful reported their highest weekly exchange volume for the year. In fact, the latter P2P company outperformed the Finland-based company for the first time.

Páxful’s success is mainly due to its dominance in African markets, where Matt Ahlborg said that there have been some significant days of activity on Twitter.

“A truly tectonic week for P2P exchange with Paxful and LocalBitcoins. New annual combined records in weekly quantities! It was also the first week in history that Paxful outperformed LocalBitcoins $ 42.8 million before the $ 41.7 million in equivalent volume“” Publicity the investigator of useful tulips.

CoinTelegraph en Español contacted Paxful Latam manager Magdiela Rivas to hear the company’s opinion on the event. For them, “nothing is free”, especially because of the company’s work.

“Nothing comes from free: these numbers are the result of the hard work that we have done at Paxful. From the beginning we worked hard to differentiate ourselves in the market, listen to our users and convert their suggestions into a high quality service with a variety of payment methods, support in the local language and various communication channels for the integration of the crypto community. Rivas explained.

Paxful outperformed LocalBitcoin for the first time in weekly Bitcoin exchangesPaxful outperformed LocalBitcoin for the first time in weekly Bitcoin exchanges

In line with his idea, the company wants to help non-banks and sub-banks, “A secure platform supported by a community where our users can see that Paxful has a face and is heard“He added. Countries such as Nigeria, Ghana, Kenya and Ethiopia reported important records in this market.

But they have not stayed there and have also extended to Latin America with the same goal. According to Rivas “In LATAM we are growing fast, more and more people are giving us their trust to work with us, there is still a long way to go, but we hope to be able to say soon that we are also the p2p leader in the region“”