Since its launch in October 2019, the total trading volume on Binance’s P2P platform for exchanging digital assets has reached $2.5 billion, ForkLog said, citing representatives of the exchange.<\/p>\n
<\/p>\n
In early 2020, the platform added support for the Russian ruble and Ukrainian hryvnia. In July, trading volume in rubles amounted to $10 million. According to Binance representatives, this figure shows a monthly growth of 110%. A similar dynamic, Binance says, is observed in Ukraine, although precise data on this is not yet available.<\/p>\n
Binance supports P2P trading not only in Bitcoin but also in BNB, ETH, EOS and BUSD.<\/p>\n
Earlier, the combined volume of Bitcoin trades on LocalBitcoins and Paxful during the first week of August stood<\/a> at a record $94.8 million. The growth driver was strong demand from residents of many African and Latin American countries, though Russia still topped the volumes as recently as June.<\/p>\n In Eastern Europe, weekly trading volume rose to $10.13 million. Of this, $9.09 million was attributed to Russia, $427,000 to Ukraine, and $224,000 to Belarus.<\/p>\n Earlier, CipherTrace researchers named LocalBitcoins and “Russian” bitcoin exchanges as key channels for the laundering of illegally obtained cryptocurrency proceeds.<\/p>\n Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 the full news feed, ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":" Since its launch in October 2019, the total trading volume on Binance’s P2P platform for exchanging digital assets has reached $2.5 billion, ForkLog said citing the exchange’s representatives.<\/p>\n","protected":false},"author":1,"featured_media":27395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,455],"class_list":["post-27394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-p2p"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=27394"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27394\/revisions"}],"predecessor-version":[{"id":27396,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27394\/revisions\/27396"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/27395"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=27394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=27394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=27394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}