Many emerging markets have sported new records for weekly peer to peer Bitcoin trading, including India, Ghana, the Philippines, Argentina, Mexico and Egypt. India comprises the strongest market to have shown the new record for trade activity, with $3.4 million worth of BTC trading hands over the past seven days. From the second quarter onwards, India’s P2P markets began gaining significant momentum. The volume has raised to $2.95 million last month and $3 million this month beating out its December 2017 all-time high African peer to peer markets has shown a slight retracement from last week’s record high above $10 million, with roughly $9.9 million, following several weeks of surging volume. The CEO of Paxful Ray Yousef has said that Ghana and Kenya have comprised the second and third strongest countries in Africa by year to date so far. Ghana has shown a new weekly volume records for fifteen of the past seventeen weeks, with more than $1 million worth of Bitcoin changing hands for two consecutive weeks.
Also its been seen that Argentina's P2P markets has monthly activity that has nearly doubled. The past three weeks have seen consecutive volume records posted by Argentina. And the past seven days just fell short of $1 million. The fellow nation Mexico has also recorded its first volume record in 13 months, with $692,000 in BTC trading for Mexican pesos over the past week. The Peer to peer trade activity has spiked in Philippines has spiked in the recent months. Philippines peer to peer trade exceeded $1 million this past week for the first time,, with volumes consistently holding above $500,000 since early May.
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