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Russia Proves A Vital Market For LocalBitcoins

Emily Mason

Summary: Russia has traded more BTC than any other country in both April and May on LocalBitcoins, recent data from CryptoDiffer shows. Data from Coin Dance revealed that in May, weekly trading LocalBitcoins in Russia was near 800 BTC. In the United States, the number was nearer to 400 BTC per week. A LocalBitcoins spokesperson told cointelegraph.com ...

Russia has traded more BTC than any other country in both April and May on LocalBitcoins, recent data from CryptoDiffer shows.

Data from Coin Dance revealed that in May, weekly trading LocalBitcoins in Russia was near 800 BTC. In the United States, the number was nearer to 400 BTC per week. A LocalBitcoins spokesperson told cointelegraph.com that Russia accounted for 17.9% of total trade volume on the exchange.

LocalBitcoins has introduced features to cater to it's leading Russian market, including a Russian language blog and advertising to Russian users, cointelegraph.com reported.

By Emily Mason 

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