What an extraordinary year 2020 was! During the last quarter the bitcoin price reached its all time high and has continued on an upward trend ever since. LocalBitcoins also had a very successful end of the year!
In the last quarter between October and December 2020 the trade volume on LocalBitcoins was $612 million, reflecting a steady increase from the previous quarter’s figures.
In total 957,576 users were active on our peer-to-peer bitcoin marketplace in Q4. This means that there were on average 11,000 users using our platform on a daily basis.
Bitcoins were changing hands actively too: there were on average 29,566 successful trades per day during Q4. Every day, on average 3,600 new users registered on our platform.
Our traditional top 12 in trade volume looks familiar to the previous lists, although with a one major exception: Nigeria has passed the United States as number 5! Well done, Bitcoiners in Nigeria!
The growing trade volume in Nigeria reflects bitcoin’s growing popularity in Africa, and the real problems bitcoin solves in the continent.
- United Kingdom
- United States
- South Africa