Who creates the main Bitcoin trading volumes on the LocalBitcoins?

With the current market position, trading volumes remain fairly small. Who creates the main Bitcoin trading volumes on the LocalBitcoins service?

According to the study of Block resource, 38.7% of all operations with the first cryptocurrency are accounted for by Russian and Venezuelan investors.

According to the statistics, Russia ranks first in terms of the volume of using the LocalBitcoins service for buying and selling bitcoins. 26.5% of all operations are performed here, which is evidence of the growing interest of Russians in digital assets.

Venezuela ranks second, with up to 12.2% of operations in LocalBitcoins. In this country, interest in Bitcoin is growing against the backdrop of the economic crisis. Despite the start of sales of the state crypto Petro, most Venezuelans prefer to buy bitcoins and not to get involved in questionable cryptocurrency projects.

The United States and China occupy the third and fourth places, respectively, with trading volumes at 11.8 and 9.7%.

The report also notes that the nature of transactions with the main cryptocurrency has changed. Now traders are not betting on speculation, but on more thoughtful trading.

During 2017, the scale of trading on LocalBitcoins grew due to the boom of digital coin. However, in the spring of 2018 the decline began.

Russia has maintained its leadership position over the past few months, but experts cannot guarantee that the situation will not change by the end of 2018.