P2P Markets Report: Iranian Localbitcoins Volume Gains 190% In A Week
Published in
1 min readMar 4, 2019
The peer-to-peer (P2P) markets have seen a dramatic increase in Iranian and Indonesian trade activity, with both markets posting triple-digit volume gains in recent weeks. Localbitcoins volume has also surged in select Latin American markets this past week, with the Dominican Republic, Colombia, and Venezuela posting some of their strongest trade on record.
Also Read: Auction of Seized Bitcoin Draws Interest From 110 Countries During the week of Feb. 23, Localbitcoins trade between Iranian rial (IRR) and BTC nearly tripled. Nearly 34.56 billion IRR (approximately $137,000) changed hands during the seven-day period, comprising the eighth strongest week on record when measured against fiat currency.
