Volume in the last two months are way higher than any previous volume recorded.
It was the single best month for P2P in the Philippines, whose previous record was just the month prior.
This is the largest recorded combined volume on both exchanges, with Paxful getting the lion’s share of the volume.
Bitcoin has firmly established itself above $30,000 in January 2021 while February was notable for a number of important news regarding institutional adoption.
Traders who might have met in marketplaces might eventually prefer to deal with each other directly, eliminating fees and marketplaces requirements.
Bitcoin transactions has decreased in October 2020 as per data on key P2P marketplaces in the Philippines.
Peer-to-peer exchange LocalBitcoins reportedly hits a record low in traded Bitcoin.
It allows individuals to trade and communicate directly as opposed to the common order-book trading structure that is prevalent in crypto exchanges.