P2P Markets Report: Latin American Markets Continue to Post Record Volume

P2P Markets Report: Latin American Markets Continue to Post Record Volume

Markets and Costs

This previous week has observed Latin American peer-to-peer markets proceed to set information for business quantity. For the week finishing Dec. eight, Argentina and Venezuela posted a brand new report for Localbitcoins business when measured in fiat, whilst Colombia, Peru, and Venezuela additionally posted information for business measured in BTC.

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Fiat Quantity Data Posted by way of Argentina and Venezuela

Argentina posted a brand new report for fiat P2P business quantity on Localbitcoins this previous week, with over nine.four million pesos price of BTC converting fingers. The week additionally noticed an important uptick within the selection of BTC traded, with the 65 BTC comprising probably the most bitcoins traded in one week since March 2017.

P2P Markets Report: Latin American Markets Continue to Post Record Volume
ARS/BTC Localbitcoins business measured in ARS

Venezuela set a brand new report in fiat quantity for the 3rd consecutive week, with three.2 billion Venezuelan bolivars’ price of business. The week of Dec. eight additionally noticed the 3rd consecutive report for business when measuring in BTC for Venezuela, with 1,636 BTC converting fingers.

P2P Markets Report: Latin American Markets Continue to Post Record Volume
VES/BTC Localbitcoins business measured in VES

BTC Data for Colombia and Peru

660 BTC have been exchanged for Colombian pesos by way of Localbitcoins this previous week, probably the most available in the market’s historical past. The similar week additionally comprised the 5th most powerful when measuring in fiat forex, with 7.1 billion Colombian pesos’ price of business going down.

P2P Markets Report: Latin American Markets Continue to Post Record Volume
COP/BTC Localbitcoins business measured in BTC

Peru additionally posted a brand new report for the selection of BTC traded on Localbitcoins in one week, with 213 BTC exchanged. This comprised the 8th most powerful on report when measuring in fiat, with more or less 2.68 million Peruvian sol of business.

P2P Markets Report: Latin American Markets Continue to Post Record Volume
PEN/BTC Localbitcoins business measured in BTC

Chile and Mexico Put up Sturdy Quantity

The week of Dec. eight used to be the 6th most powerful on report for Chilean P2P business, with 196.four million Chilean pesos’ price of BTC converting fingers. The week additionally comprised the fourth most powerful on report when measuring in cryptocurrency, with 69 BTC traded.

P2P Markets Report: Latin American Markets Continue to Post Record Volume
CLP/BTC Localbitcoins business measured in BTC

Mexico additionally noticed a robust week for P2P business, posting the 10th most powerful week on report for business between BTC and Mexican pesos. The week additionally comprised the most powerful since Might 2017 when measuring in BTC, with 99 BTC price of business happening.

P2P Markets Report: Latin American Markets Continue to Post Record Volume
MXN/BTC Localbitcoins business measured in MXN

Do you suppose fresh Latin American quantity information will proceed to be damaged within the coming weeks? Proportion your ideas within the feedback phase beneath!


Photographs courtesy of Shutterstock, Coin.dance


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