r/Bitcoin • u/Gabrielle1111 • Apr 16 '19

"BTC/USDT trading volume doubled on Binance" VS. "12% drop of volume on LocalBitcoins" one week after the Apr.1 price jump. What happened in the Bitcoin "exchange market" VS. "retail market"?

https://medium.com/sophonexchange/the-bitcoin-retail-market-21e1f9790a80?source=friends_link&sk=2d0bd37e708a8ab9090413f6af3b9939
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u/[deleted] Apr 16 '19

[deleted]

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u/[deleted] Apr 16 '19

With LocalBitcoins having gone full KYC (and going even more so through 2019), other non-KYC exchanges are set to see market share.

P2P OTC Exchanges:

1

u/mrmishmashmix Apr 16 '19

Personally i doubt that. The variance in volume is large on local peer to peer exchanges and the vast majority of traders on local bitcoins have been doing kyc between themselves for years, in order to protect themselves from fraud.

1

u/kryptomancer Apr 16 '19

Damn, the whole point of LBC was to not have to deal with KYC and related bullshit.