Venezuela and Colombia lead transactions in bitcoin
Both Latin American countries have made the most transactions in LocalBitcoins according to recent Coin Dance reports
According to the recent report by Coin Dance, Venezuela and Colombia are the Latin American countries that head transactions of the bitcoin cryptocurrency in LocalBitcoins. Between them they reached an estimated 85% of the negotiated volume in the first five weeks of 2019.
The Peer2Peer exchange platform states in its report that Venezuela achieved a volume of 8,571 transactions and Colombia reached 1,709, for a total of 10,280 transactions. Although the figure represents only 16% of the total commercial volume of LocalBitcoins, it is of great importance for the subregion.
The current economic and political crisis in Venezuela has transformed the investment landscape of the population, orienting the upward trend towards cryptocurrencies. This has made the country remain at the top of the regional list for the third consecutive month for the purchase and sale of digital assets. Colombia experienced a decline despite occupying the second place.
The ranking of countries that follow includes Peru, Mexico, Chile and Argentina, with a bitcoin marketing volume similar to that of previous months, according to data published by Coin Dance.
In January, after Juan Guaidó assumed the interim presidency in Venezuela, the price of the BTC experienced an increase of 16% over the value in other countries, to reach $ 3,638 (the quote in CoinMarketCap was $ 3,598 for the date).
M.Pino
Source: Infocoin.net
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