China’s local Bitcoins trading platform will continue until uncertainty disappears in the region
A new record has been created in the local Bitcoins trading concept, In the first week of September, more users than ever before turned to the site with the intention of buying bitcoins, a total of over 53 billion bitcoins has passed from hand through the Bitcoins Local platform in the last week.
Traffic growth on the site is likely due to Chinese traders. Compared with the previous week, the volume of trading in Chinese yuan increased by 30%. The purchase of bitcoin P2P could be increased in the region due to uncertainty caused by previous negative rumors of a full ban on fiat exchange for cryptocurrency appeared in local newspaper Caixin.
In general, it also sees in the cryptic money market that the uncertain regulatory situation in the Asian region affects trading. Bitcoin’s exchange rate has been quite hectic over the past week.