Bitcoin Trading Volume In Africa Breaks 2017’s Record
Bitcoin is ramping up for something big, might be post, might be pre-halving but something big is brewing!
African Bitcoin Trading Volume Breaks 2017’s Record Ahead of Halving
According to data published by Useful Tulips, surging African demand has driven record peer-to-peer (P2P) Bitcoin trading volume across Localbitcoins and Paxful, surpassing the trade activity posted during the peak of the 2017 bull run.
Nearly $10 million worth of trade took place across the P2P Bitcoin markets of Sub-Saharan Africa, comprising a new all-time high for the region.
Africa’s largest crypto market, Nigeria, produced its third-strongest week of P2P trade with $7.2 million worth of Bitcoin changing hands over Localbitcoins and Paxful this past week.
Last week saw Kenyan trade post its fifth-consecutive record for trade activity, approaching seven-figures for the first time with $1.6 million in volume.
Ghana produced its fourth all-time high for trading volume in five weeks, posting a new record of nearly $800,000.