P2P Markets Report: Record Volume in Peru, Argentina, Philippines


The week of the 8th of September was the strongest on record for BTC/PEN trade on Localbitcoins when measuring in cryptocurrency, and the second strongest when measuring in fiat currency, with 114 BTC worth of trade, or 2.635 million PEN (approximately $800,000 USD) taking place in seven days.

The following week comprised the second strongest when measuring volume in BTC, and the third strongest when measuring in fiat with 112 BTC, or nearly 2.39 million PEN (roughly $720,000 USD) exchanging hands during the week of the 15th of September.

Roughly 6.93 million ARS (approximately $180,000 USD) worth of BTC was traded during the week of the 8th of September, comprising the largest weekly volume for ARS/BTC on Localbitcoins. Nearly 6.16 million ARS (roughly 160,000 USD) worth of trading activity then took place during the week of the 15th of September, the second strongest in the market’s history.

This past week also comprised the strongest on record for trade between the Philippine Peso (PHP) and BTC when measuring in fiat currency, with nearly 37.5 million PHP (approximately $690,000 USD) exchanging hands during the week of the 15th of September.

Emerging Markets See Increase in Trading Activity
A number of emerging markets also saw spikes in trade volume in recent weeks, with those posted by the Iranian and Tanzanian markets among the most significant.

The week of the 8th of September saw the strongest volume since January for trade between BTC and the Iranian Rial (IRR) on Localbitcoins, with roughly 37.5 billion IRR (approximately $890,000 USD) change hands in seven days.


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