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China’s LocalBitcoins Platform Set an Unprecedented Trading Volume

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China’s LocalBitcoins Platform Set an Unprecedented Trading Volume

Post by Vladdirescu on Tue Oct 03, 2017 3:44 am

Bitcoin and cryptocurrency exchanges have always been irregular in China, especially when it comes to LocalBitcoin. Every now and then the volume changes. Last week the nation set a new all-time trading volume record on the LocalBitcoins platform . This shows that the demand for Bitcoin ceases to slow down in China. Furthermore, this shows that issuing a permanent ban on Bitcoin will never be in China’s interest.

Exchange of cryptocurrency in China for most customers is still a problem. China believes that they need to have a centralized intermediary which contradicts Bitcoins purpose as an unregulated, decentralized currency. After all, the centralized platforms can be targeted by the governments and financial institution.

https://coinidol.com/china-localbitcoins-trading-volume/


Vladdirescu

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