Bitcoin Trading Volume in Africa breaks Its 2017 Record

Hey ninja’s, how’s the trading going? On the day, the majority of top crypto’s are reporting significant gains. At press time the largest cryptocurrency Bitcoin is trading at $9,930 and is reporting over 7% gains in the last 24 hours. 

Peer-to-peer bitcoin trading in sub-Sahara Africa has surpassed the record set in 2017. According to the information published by useful Tulips, the surge in the demand for Bitcoin trading has increased the trading volume across Localbitcoins and Paxful to new heights, surpassing the trading activity recorded in 2017 during its bull run. 

According to data nearly $10 million was traded across peer-to-peer Bitcoin markets in the Sub-Saharan region of Africa, setting a new all-time high. Over $7.2 million worth of Bitcoin was traded across Localbitcoins and Paxful this week in Africa’s largest cryptocurrency market Nigeria. In the last week, Kenya also posted its fifth-consecutive record in Bitcoin trading activity reaching seven-figures for the first time. About $1.6 million was traded in Kenya.

Ghana also set a new record for trading volume, trading nearly $800,000. The recent surge in the top Bitcoin markets of sub-Saharan Africa has caused the region to overtake Latin America as the second-largest regional market for Bitcoin peer-to-peer trading in the past week. 

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