Bitsquare on LocalBitcoins’ Trail in Global Weekly Transaction Volumes

Bitsquare on LocalBitcoins’ Trail in Global Weekly Transaction Volumes

admin Bitsquare’s, Blockchain, Exchanges, P2P Lending, Peer-to-Peer 0 Comments

Global weekly transaction volume on Bitsquare’s decentralized platform is gradually picking up, as the latest figures from Coin.Dance show. However, there is still a long way to go when compared to Bitcoin’s largest online trading marketplace, LocalBitcoins. LocalBitcoins is an open-source desktop application that allows the trading of Bitcoins for national or alternative cryptocurrencies, which recently hit a global average of $32,000 weekly volume in the week of Dec. 10. The weekly volume in Europe has the record for the highest amount of transactions – about €40,000. This did not come as a surprise to the platform, according to a statement made to Cointelegraph, because people are uncovering the potential of its app and they want to support it as an open-source project with huge potential. OpenBazaar and BitMarkets mirror Bitsquare’s principles, however, BitSquare maintains that no other project fits its definition of a decentralized Bitcoin exchange. Decentralized Bitcoin exchanges Regarding what has changed or is changing in the user’s perspective that is drawing their interest to the platform, Bitsquare’s Ken Shishido says: “We are seeing more hacks on centralized exchanges and regulatory environments in some parts of the world are forcing exchanges to turn some of their customers away. …