European And South American Localbitcoins Markets Show Strength (news.bitcoin.com)
In recent peer-to-peer market action, Latin American Localbitcoins trade has continued to show strength after producing record volume last month.
EUR/BTC trade on Localbitcoins has recorded its strongest week since posting record trade when measured against fiat currency at the end of March 2018.
When measuring in cryptocurrency, the Turkish Localbitcoins markets also recorded the strongest week of trade activity since Nov. 2017 this past week, with 35 BTC worth of trade.
After producing record volume during Dec. 2018, the Latin American P2P markets have continued to see strong trade activity.
This past week saw the Venezuelan Localbitcoins markets post record volume for the eighth time in the last 10 weeks when measured in fiat currency, with 16 billion Venezuelan bolivar worth of trade taking place.
For trade between the Colombian peso and BTC, the weeks of Jan. 19 and Jan. 26 produced the second and third strongest volume on record, with nearly 700 BTC being traded during each seven-day period.
Indonesian Localbitcoins trade also spiked this past week, with the week of Jan. 26 comprising the third strongest in the market’s history when measured against fiat currency with nearly 804 million Indonesian rupiah worth of trade.
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Related story: Bitcoin Approaches $3,500 As Top Cryptos See Growth (cointelegraph)
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