End of an Era: LocalBitcoins Ceases Operations Amid Crypto Winter
Popular peer-to-peer Bitcoin exchange LocalBitcoins is shutting down after more than 10 years of serving customers.
Popular peer-to-peer Bitcoin exchange LocalBitcoins is shutting down after more than 10 years of serving customers.
It allows individuals to trade and communicate directly as opposed to the common order-book trading structure that is prevalent in crypto exchanges.
Despite the price correction of bitcoin, LocalBitcoins still recorded a surge of transactions in 2018 versus the previous years.
For the month of August 2018, data from LocalBitcoins has revealed an increasing volume of bitcoin transactions in the Philippines despite the bear market.
Since April 2018, total monthly bitcoin trading volume have been increasing up to June 2018 in the Philippines.