RATE Group | Bitcoin.com Local Gathers Steam as Other P2P Markets Falter
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Bitcoin.com Local Gathers Steam as Other P2P Markets Falter

07 Mar Bitcoin.com Local Gathers Steam as Other P2P Markets Falter

Posted at 21:27h in Bitcoin News by

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Bitcoin.com Local Gathers Steam as Other P2P Markets Falter

The bitcoin marketplace Localbitcoins was once the most popular peer-to-peer (P2P) trading platform. But during the last few years, the company’s trading requirements and KYC implementation have caused an influx of traders to migrate to different P2P crypto markets. The mass departure has caused business on Localbitcoins to drop like a rock and volumes haven’t been this low since 2017. Additionally, alternative P2P trading platforms like Paxful are being criticized for their restrictions against certain countries.

Also read: Traders Bemoan New Localbitcoins Identity Requirements

The Aftermath of Localbitcoins’ Recently Implemented KYC and Trading Restrictions

The P2P marketplace Localbitcoins.com is a business headquartered in Helsinki, Finland and it has provided an over-the-counter (OTC) trading platform since 2012. Localbitcoins quickly became a popular avenue to acquire bitcoins because it allowed users to post offers on the website and it…

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