The Bitcoin trading volumes in Venezuela have recently surged and set new records, as shown by data from LocalBitcoins, a P-2-P crypto trading platform. Moreover, the statics reveal a rapid increase of the exchange’s trading volume in other South American countries like Argentina and Peru.

According to insights from Localbitcoins compiled by Coin Dance, a data monitoring service, South America proved to be the fastest growing region in terms of Bitcoin trading volume. This is especially true for Venezuela.

In October, Venezuela already recorded an all-time trading high, but in the last three weeks, three new consecutive record highs were reached. As a result, in less than a month the growth of Bitcoin trading volume in Venezuela totaled about 37%. Similarly, Argentina registered the highest number of Bitcoins transactions in mo…

This article appeared first on Cryptovest

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