Latin America LocalBitcoins trading rises due to quarantine

by in Cryptocurrency News

Latin America

Amid the closure of banks due to quarantine in Venezuela, the popularity of bitcoin began to grow again. That's evidenced by the trading volume of BTC on the peer-to-peer platform LocalBitcoins.

Venezuela

Starting in February, VTS trading volume in Venezuela was gradually decreasing, however, it began to recover in the last two weeks.

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The quarantine and the crisis amid the coronavirus are also contributing to the cover of cryptocurrency in other Latin American countries: the trading volume of LocalBitcoins in Peru has grown by more than 30%, and in Colombia by almost 15%.

Peru

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Colombia