Saudi P2P Bitcoin Trading on LocalBitcoins Climbs 280% to All-Time High
Bitcoin trading volumes in Saudi Arabia via peer-to-peer trading platform LocalBitcoins have never been higher. For the first time, trading volumes in the desert natoin topped USD $100k in bitcoin traded over a week through the decentralized platform. According to data from Coin.Dance, trading volumes last week soared nearly 3x compared to the previous week, with over SAR400,000 in bitcoin traded during the week ending on April 15, a new all-time high. The figure is over 1.5x the previous ATH of SAR260,000. Last week’s record volume totals SAR409,998 traded in bitcoins, approximately....
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The demand for Bitcoin in Colombia seems to be skyrocketing over the past few weeks. Bitcoin trading continues to pique the interest of consumers all over the world. Particularly LocalBitcoins is one of the platforms where new record high weekly Bitcoin volumes can be found on a regular basis. Over the past week, BTC was quite popular in regions such as Colombia, Saudi Arabia, and Thailand. A positive sign for Bitcoin overall, that much is certain. Considering how the Bitcoin exchange situation in Canada is evolving, it’s no surprise to see more interest in LocalBitcoins. The platform has....
As Chinese exchanges put BTC withdrawals on hiatus, LocalBitcoins is seeing new all-time trading highs – and not just in China. New Trading Highs Around The World. The knock-on effect of investors flocking to the peer-to-peer marketplace is seemingly creating unprecedented demand in markets such as Canada, Chile, Colombia, New Zealand, Saudi Arabia, Sweden, Mexico, Turkey and, of course, Venezuela. In fact, global P2P trading on LocalBitcoins has been seeing a continued upwards trend across the board. The Chinese market itself meanwhile recorded its largest ever trading volumes in the week....
It’s important to remember the part played by over-the-counter (OTC) bitcoin trading platforms like LocalBitcoins — they often reveal interesting things about Bitcoin’s place in the world. LocalBitcoins Volume Getting Higher. Kaiko tracks data from LocalBitcoins as well as all other exchanges, and we’ve compiled all that information into the first....
Just last weekend, LocalBitcoins set its weekly record trading volume. Across disparate regions, there seems to be a unifying trend: volume is increasing on LocalBitcoins. But this has left some wondering: how much of this trading volume is due to fraud? Most of the transactions done on LocalBitcoins are not done via peer-to-peer cash transactions, but instead on transactions based around intermediary financial institutions. Does this mean that more and more people are dealing in bitcoins by depositing money in other individuals accounts? Nonetheless, it appears on LocalBitcoins, at least,....
Reem Al Faisal, the photography-loving Saudi Arabian princess, recently announced the launch of her first Saudi non-fungible token (NFT) collection on Opensea and an art gallery in the metaverse. Photography Career Saudi princess Reem Al Faisal has launched her first NFT collection, called “Mekkah and Madinah,” on the Opensea marketplace, as well as an art gallery in the metaverse. The NFT collection features the Saudi shrine, Al Kabbah, while six Saudi artists are featured in the art gallery. According to a post on her Instagram account, the Saudi princess says the launch....