Increased exchange of bitcoins in Argentina, Colombia and Venezuela



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04-07-2018
Venezuela continues to be the Latin American country with the highest exchange volumes of this cryptocurrency, since it exceeds 490 units per week

The weekly volume of bitcoins traded in Colombia through the platform LocalBitcoins was up 24.6% at the end of June, compared to the previous month. According to the data of CoinDance, the average bitcoins exchanged each week was 192 in June whereas in May it had reached 154 bitcoins per week

The markets of Argentina and Brazil they also showed upward trends in June compared to May, recording increases in their bitcoin volumes traded weekly from 37% and 21.9% respectively. In Argentina, 23 bitcoins were traded on average each week, while in Brazil the weekly average was 50 bitcoins.

For its part in Venezuela the volume of bitcoins exchanged each week increased by 2.1% on average during the month of June, a percentage that was approximately 10 bitcoin units more than the previous month. However, the increase in amounts traded in local currency has risen by 89%, due to the devaluation of its currency.

In May, an average of 484 bitcoins per week were traded by LocalBitcoins in Venezuela. In June, this indicator was located at 494 per week, after a total of 1,978 bitcoins traded during the month. Thus, Venezuela continues to be the Latin American country with the highest volumes of this cryptocurrency exchange.

Several factors influenced the increase in the amount of bitcoin negotiated in Latin America in June. However, the common factor in countries such as Venezuela, Argentina and Colombia seems to be the decline of purchasing power due to the increase of inflation, which incited users to take refuge in the cryptocurrency market to protect their income

In Venezuela, for example, there is a severe hyperinflationary process : the cumulative indicator Inflation reached 1,995.3% in May this year according to the information compiled by GlobalScope in the major Latin American countries. Argentina, for its part is the second most inflationary Latin American economy, recording a cumulative inflation of 11.19% . Colombia is the fourth country with the highest inflation rate up to the fifth month of the year, with 2.80%.

Despite growth figures in other countries, in Chile CoinDance statistics showed a decrease in the exchange of bitcoins in the month of June. In this country, the weekly sales volume fell below 100 million Chilean pesos during the last week of June, a situation that had not been present since the end of March this year.

At that time, the market suffered as a result of the reserves generated in the crypto community by the closing of the bank accounts of some important cryptocurrency exchange houses. Although the accounts have been reopened and the bitcoin exchange has recovered towards the end of April and the beginning of May, the downward trend in purchases via LocalBitcoins has been consistent since then. country.

the total number of bitcoins traded by the Chileans was 104, an average of 26 per week, which represents a 19% decrease from May when the average weekly was 31 bitcoins

The bitcoin market in Peru, on the other hand, also recorded a setback, to l passing a weekly average of 2.3 million soles (699, 6 thousand dollars) exchanged in May, to 1.7 million (517 thousand dollars) per week in June. The total amount of bitcoins traded in Peru was 297 during the month of in June, for a weekly average of 74 bitcoins, unlike the May average of 83 bitcoins per week.

It is striking, according to the Criptonoticias website, that in Peru the volume of bitcoin trade has increased by 50% by the month of April this year, so we could face a market which tends to readjust. [19659013] / *** facebook Installation *** /
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