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Bitcoin Trading Volume Hits All-Time Highs in Three Countries on Popular Crypto Trading Platform

May 24, 2019

Bitcoin trading volumes on the peer-to-peer trading platform LocalBitcoins have reached have reached new all-time highs in South Korea, Peru and Kazakhstan for the week ending March 18, 2019, according to data compiled by crypto aggregator Coin Dance.

Trading volume in South Korea posted the biggest surge, up 68.33% since last week, from 120,387,232 won to 202,063,448 for BTC.

South Korea LocalBitcoins Trading Volume

Trading volume in Peru made a more modest jump, up 11.71% from 3,560,270 Peruvian sol to 3,977,089.

Peru LocalBitcoins Trading Volume

Kazakshstan narrowly topped its previous all-time high of 56,087,581 tenge just last month, reaching 56,896,982 for the week ending May 18th.

Kazakhstan LocalBitcoins Trading Volume

The number of blockchain wallets continues to grow, reaching 38.39 million versus 24.9 million one year ago.

For the week ending May 18, the search term “Bitcoin” on Google Trends has also posted its best performance of the year, hitting the 100 mark, up from 56 for the week ending June 2, 2018.

Google Trends Search Term: Bitcoin

In the run-up to the 60 Minutes segment on the world’s leading cryptocurrency on May 19, Bitcoin searches beat out Donald Trump, Beyoncé, Ariana Grande and Kim Kardashian.

Increased interest in crypto overall has also contributed to an uptick in the Alexa rankings of popular exchanges Binance and Coinbase.

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