bitcoinexchangewoesseealmost50mlnpassthroughlocalbitcoins – Bitcoints

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Published on May 29th, 2017 | by bitcoin

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bitcoinexchangewoesseealmost50mlnpassthroughlocalbitcoins

LocalBitcoins set a new all-time trading high of $45.7 mln last week as Bitcoin almost hit $3,000.




Unlike previous records, the latest high was the result of a broad trend across all LocalBitcoins markets as traders rushed to cash in on Bitcoin’s steep climb.


Depending upon the country, LocalBitcoins traders will have faced rates of over $3,000 per coin or even higher.


Last week, Cointelegraph reported that in South Korea, even official exchanges were quoting up to $4,500 for one Bitcoin.
#localbitcoins
— LocalBitcoins.com (@LocalBitcoins) May 28, 2017
US resource Bitsquare likewise posted significant results last week, the $93,400 worth of trading constituting the fledgling service’s second best period on record.

Source: Cointelegraph.com

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