Hey ninjas, how’s the trading going? On the day, the crypto market is trading sideways with most of the top cryptos reporting daily losses of 2%. At press time, Bitcoin is trading at $7,293, 1.63% lower than its closing price value yesterday, the largest cryptocurrency is reporting daily losses of 0.51%.
Paxful is a peer to peer (P2P) platform that enables its users to buy and sell Bitcoin using Paypal, gift cards, bank transfers and other means of payment. According to data from CoinDance on the 2nd of December, Paxful reported almost $30 million in Bitcoin trades in the week of November 23rd. Per the data from CoinDance, the platform has seen consistent growth since its establishment in 2015.
The peer to peer platform allows Bitcoin to be traded with 70 different national fiat currencies and has seen trades of $20-25 million weekly in 2019. LocalBitcoins.com, a well-established platform in the P2P crypto trading space is reporting a downward arc in recent months.
Though LocalBitcoin.com's weekly trading volume has remained in the $40-40 range for most of the year, the veteran platform is reporting a downward turn throughout October and November, according to data from CoinDance.