Bitcoin Trading in Venezuela Just Hit an All-Time High Despite a 40% Price Premium
According to the data provided by LocalBitcoins, a peer-to-peer cryptocurrency trading platform, the weekly volume of Bitcoin in Venezuela achieved a new all-time high. Measured in Bitcoin, the weekly volume of the BTC-to-Venezuelan bolivar (VES) pair increased to 2,454 BTC. In U.S. dollars, that is worth $8.95 million per week and $1.29 million per day. Matt Odell, a cryptocurrency researcher, said that the volume would be higher if the 40 percent premium in the Venezuelan market is priced in. 2454 bitcoin weekly volume x $3650 = $8,957,100 this week ÷ 7 = $1,279,585 per day on average, higher if you
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