Localbitcoins Venezuelan Volume Explodes to All-time High

Crypto Globe Mon, 11 Feb 2019

The amount of Bitcoin traded by Venezuelans via the LocalBitcoins exchange exploded by 30% to reach an all-time high last week. The trading by residents of the financially troubled country, whose native Bolivar has been devalued by long-term hyper-inflation, amounted to the equivalent of $8.9m over the seven days up to February 8th.