Daily bitcoin trading reached a historic maximum in China
The P2P trading platform Paxful managed to reach the historical record in its operations at $ 4,342 million
The increase in the volume of Chinese P2P trade has reached its all-time high, positioning the mother cryptocurrency in the last hours over $ 4,342 million. This figure could be an indicator that a growing number of Chinese investors are increasingly frustrated by the lack of exchanges for the BTC trade and have increasingly turned to P2P platforms.
Under this scenario, China finally sets an official position on bitcoin. In terms of economic investment the large index of operations with the cryptoactive registered in China through P2P limits the exchange houses to practice any technical and fundamental analysis to invest in different financial instruments.
Recently, Binance announced that its peer-to-peer bitcoin trading platform in the Asian country will have the payment services of WeChat and Alipay to market crypto assets. However, both platforms have refused to work with any merchant related to digital currencies, although the action does not reflect the same.
Exchages such as HodlHodl: BTC / CNY using Alipay, LocalBitcoins: BTC / CNY using Alipay and WeChat and CoinCola: BTC / CNY using Alipay and WeChat are some of the many exchange platforms that will provide their payment on demand services.
With Paxful, it seems that interest in bitcoin remains strong in China. Taking into account that neither Alipay nor WeChat can effectively stop the purchase and sale of peer-to-peer cryptocurrencies, all this seems to be just a public relations fanfare that has not managed to disturb Chinese investors in cryptocurrencies as the implementation of these services P2P trading becomes increasingly frequent.
K.Villarroel
Source: crypto report
