LocalBitcoins has released a breakdown of its Q1, 2021 results which shows an impressive upward trend and a successful first quarter of the year.
LocalBitcoins has revealed that the total trading volume on the platform was just short of $600 milllion ($596 million) during the quarter.
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Below is a breakdown of Q1, 2021 on LocalBitcoins:
- Total trading volume was $596 million
- Over 2,200,000 Bitcoin trades were completed successfully on the marketplace
- On average, there were 25, 000 successful daily trades
- There were, on average, 4,700 new signups per day
- Russia took top spot in highest traded volumes globally
- Kenya was the fastest growth market taking up number 9 spot globally
Below is a breakdown of the top 12 countries with the highest trading volumes on LocalBitcoins in Q1, 2021:
- Russia
- Venezuela
- Colombia
- United Kingdom
- Nigeria
- China
- India
- South Africa
- Kenya
- Peru
- Spain
- Chile
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RECOMMENDED READING: [WATCH] We Got Over 37K Registrations in 2020 – 27% of Our Users in South Africa are Women, Says LocalBitcoins
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