RATE Group | Bitcoin peer-to-peer trading is on the rise says new report
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Bitcoin peer-to-peer trading is on the rise says new report

23 Jul Bitcoin peer-to-peer trading is on the rise says new report

Posted at 03:34h in Bitcoin News by

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It’s been a good year so far for Bitcoin trading, according to a new report from peer-to-peer exchange Paxful.

The average monthly trading volume for Bitcoin on Paxful in the first half of 2019 broke $65 million, the company claims in its latest report, which is nearly double the trading volume that the company reported during the same time period in 2018.

And that boost, it appears, can be largely attributed to the company’s expansion into “emerging markets”—specifically, countries within Africa. Apart from the United States, which still makes up the majority of P2P bitcoin trading volume on the U.S.-based exchange, countries such as Nigeria and Ghana are leading the latest surge.

“Nigeria and Ghana are in our top markets, and these markets have seen the entrepreneurial opportunities bitcoin and P2P can offer,” Paxful CEO Ray Youssef said in an interview. 

As for why people in these countries would benefit from exposure to Bitcoin, Youssef explained that Nigeria and…

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