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India Takes Lead Among Six Emerging Markets Hitting New Records in P2P Bitcoin (BTC) Trading

India Takes Lead Among Six Emerging Markets Hitting New Records in P2P Bitcoin (BTC) Trading Bitcoin (BTC) Peer-to-Peer (P2P) trading is becoming more and more popular in different countries as six emerging markets have hit new records in peer-to-peer bitcoin trading in the last seven days of trading. Among these six emerging markets, India and Ghana have shown massive growth in peer-to-peer trading.

India leads with $3.4 million in trading volume

Weekly Peer-to-Peer (P2P) Bitcoin trading has skyrocketed in six different countries. These countries include India, Ghana, the Philippines, Argentina, Mexico, and Egypt. These countries have seen their trading volume hitting new all-time highs in the past week. According to the data issued by Useful Tulips, India is taking the lead in this case who has recorded $3.4 million in Bitcoin P2P trading volume.

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Ghana’s trading volume reached $1.7 million this week. The Philippines and Argentina hit $1 million in trading volume while on the other hand, the weekly peer-to-peer trading volume of Mexico and Egypt climbed to $700,000 and $150,000 respectively.

India has appeared to be the most potential peer-to-peer market. Last month, it broke out the previous all-time high value by recording $2.95 million, and now it has surpassed the $3 million figure.

India is becoming a leader in P2P trading on a global scale

In recent times, the trend for peer-to-peer trading has risen high in India as compared to other countries. It has witnessed immense growth in P2P bitcoin trading after the Supreme Court of India lifted up the ban from crypto trading permitting banks to provide their banking services to crypto-related activities.

Looking at the rising peer-to-peer trading trend in India, it seems that the country is appearing as a global leader in Bitcoin P2P trading on a wider scale. India’s one of the major crypto exchanges WazirX recently witnessed its trading volume increased by over 66% between the month of Feb and May this year due to a rapid increase in sign-ups by 160%. Other major crypto exchanges have also seen a significant surge in trading volume in recent times. If this trend keeps rising, then India may lead the other countries in crypto trading.

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