RATE Group | P2P Bitcoin Marketplace Paxful Set to Surpass LocalBitcoins in Volume
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P2P Bitcoin Marketplace Paxful Set to Surpass LocalBitcoins in Volume

02 Dec P2P Bitcoin Marketplace Paxful Set to Surpass LocalBitcoins in Volume

Posted at 12:02h in Bitcoin News by

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Peer-to-peer (P2P) Bitcoin (BTC) marketplace Paxful recently hit an all-time-high in weekly traded volume.

As of Dec. 2, CoinDance data reveals that for the week of Nov. 23, Paxful saw close to $30 million in P2P Bitcoin trades continuing a consistent upward trend since the platform’s inception.

Weekly Paxful Volume (Global), 2015-present

Weekly Paxful Volume (Global), 2015-present. Source: CoinDance

Paxful trumps LocalBitcoins’ trend

Paxful is a P2P over-the-counter platform that connects users offering to buy and sell Bitcoin using gift cards, Paypal, domestic bank transfers and other payment methods.

As a decentralized and non-custodial service, Paxful reportedly sees Bitcoin trades denominated in 70 different national fiat currencies and has seen $20-25 million in trades (weekly) throughout much of 2019.

While Paxful has reported a consistent uptrend since 2015, data from LocalBitcoins.com — a veteran name in the P2P crypto trading space — has seen a shakier arc with peak volumes largely reported during the winter…

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