Bitcoin P2P Trading Platform Paxful Sees Rising Volumes Despite Crypto Bear Market

Although the price of bitcoin, as well as many other cryptocurrencies, has been in decline since the start of the year, investor and consumer interest in the space has not plateaued.

Volumes on P2P trading site Paxful, which allows consumers to buy/sell bitcoin via gift cards, as well as PayPal and many other online payment methods, have been steadily climbing this year.

According to data accumulated by, weekly Paxful trading activity in Australia, Canada, Europe, New Zealand, United Kingdom and the United States, rose to new all-time highs in July and August:

USA: $21.3 million ATH volume for the week of 2018-08-04

Canada: CAD$1.15 million ATH volume for the week of 2018-07-14

Australia: AUD$617k ATH volume for the week of 2018-07-14

Bitcoin trading activity on LocalBitcoins, the most popular venue for cryptocurrency traders, which began to KYC all of its users back in April, has declined this year in most countries.

However, in countries with a currency crisis like Argentina and Venezuela, LocalBitcoins volumes have continued to grow despite the KYC hurdles.

Argentina: 6 million Argentine peso volume (new record) on LocalBitcoins for the week of 2018-08-11