Bitcoin Trading Surges 20 Percent to €1 Million in Europe on LocalBitcoins

While global volumes on P2P trading site dipped for the first time in four weeks, turnover in Europe last week has shot up to an all-time high of 1,080,184 euros. This figure is +20 percent higher than the previous record of €854,624, recorded during the week of 2016-11-05.

LocalBitcoins turnover in Australia last week came very close to a new record as well, registering $1,141,374 Australian dollars; slightly lower than the all-time high of 1,142,916, which was recorded in December of 2015.

Although new all-time highs weren’t recorded in the usual countries - Russia and Venezuela - last week, turnover in both nations remained at elevated level. In fact, last week, volume in Venezuela came in at 4,015,475 Venezuelan bolivars worth of Bitcoin trades; the second-highest reading to date.

Charts courtesy of