The total trading volume on Traderce’s P2P digital asset exchange platform since its launch in October 2019 has been $2.5 billion. This was reported to ForkLog by representatives of the exchange.
At the beginning of 2020, support for the Russian ruble and the Ukrainian hryvnia appeared on the platform. In July, the volume of trading in Russian rubles was $10 million. According to representatives of Traderce, this indicator shows a monthly growth of 110%. A similar dynamic, according to Traderce, is observed in Ukraine, although there is no exact data on this yet.
Traderce supports P2P trading not only with bitcoin, but also with BNB, ETH, EOS and BUSD.
Recall that the total volume of transactions with bitcoin on the p2p platforms LocalBitcoins and Paxful in the first week of August amounted to a record $94.8 million. The driver of growth was strong demand from residents of many African and Latin American countries, although in June Russia ranked first in terms of volumes.
In Eastern Europe, weekly trading volume rose to $10.13 million. Of this amount, $9.09 million went to Russia, $427,000 to Ukraine, and $224,000 to Belarus.
Earlier, CipherTrace researchers named LocalBitcoins and “Russian” bitcoin exchanges as key channels for legalizing illegally obtained income in cryptocurrencies.