$105,407.00
3.43%$2,419.30
7.39%$2.20
8.12%$642.41
3.13%$145.30
8.02%$0.999902
0.01%$0.273106
2.23%$0.166302
7.50%$2,417.43
7.39%$0.591304
7.47%$105,246.00
3.35%$37.69
5.29%$2,916.64
7.42%$2.86
13.53%$460.95
1.16%$13.18
11.15%$9.15
0.26%$0.248113
7.25%$18.33
8.72%$0.999808
0.02%$2.92
5.66%$0.00001182
9.38%$47.99
-0.75%$0.154023
12.56%$85.04
5.27%$2,416.71
7.33%$2,587.51
7.33%$1.00
0.06%$312.88
3.00%$1.001
-0.05%$3.46
6.80%$4.24
4.28%$105,383.00
3.38%$0.00001013
12.76%$6.92
9.51%$0.53304
4.56%$261.96
12.47%$358.92
15.82%$1.18
0.08%$52.09
-3.11%$1.00
0.00%$4.37
9.56%$2.20
13.95%$0.086494
6.05%$5.00
8.50%$1.056
0.03%$175.66
7.89%$16.46
7.30%$0.777739
12.79%$27.91
2.42%$1.00
0.09%$0.607537
3.33%$16.50
1.53%$0.075127
12.84%$4.44
0.17%$9.39
7.80%$0.02177869
10.91%$0.709597
18.15%$4.06
7.78%$0.084033
13.86%$105,965.00
4.14%$3.28
15.23%$0.274501
12.41%$0.184451
5.68%$0.954817
14.69%$0.181321
12.83%$0.27931
36.24%$0.314997
16.41%$2.28
7.86%$0.998397
-0.01%$4.38
4.15%$2,414.62
7.27%$1.00
0.01%$99.34
8.40%$11.02
2.42%$1.002
0.17%$153.45
7.69%$0.422716
19.92%$0.208111
9.05%$1.30
27.02%$1.20
6.71%$0.01732938
7.20%$11.64
17.62%$2,755.85
7.41%$1.71
21.76%$2,531.85
7.25%$0.00001434
14.81%$1.61
13.88%$1.058
14.02%$0.332565
17.11%$1.00
0.05%$0.999402
-0.01%$0.647011
13.79%$0.559822
12.88%$0.059515
6.31%$0.999789
0.02%$3.11
2.62%$2,586.54
7.30%$2,536.84
7.27%$105,189.00
3.46%$1.11
-0.01%$642.17
3.13%$3,358.86
-0.61%$0.861006
22.54%$105,261.00
3.43%$0.083957
12.79%$106,648.00
3.49%$0.524086
9.01%$3,337.78
-0.96%$2,549.23
7.57%$0.586205
9.07%$0.425998
14.63%$162.26
8.15%$2.16
7.53%$0.00007452
14.54%$188.78
7.81%$111.54
0.02%$2.21
7.88%$0.835577
7.48%$0.684849
12.23%$2,614.04
7.66%$42.16
9.32%$0.01386998
22.84%$0.998891
0.06%$0.01015467
0.89%$0.721122
8.57%$0.0141586
10.89%$0.01005362
17.54%$0.258826
9.88%$0.164533
10.48%$18.98
9.72%$1.074
-1.77%$0.235728
8.49%$31.08
5.63%$0.997561
0.01%$0.00000061
7.05%$105,282.00
4.24%$3.63
9.62%$1.98
5.88%$0.436716
12.49%$0.099431
13.98%$0.538064
7.65%$2.07
11.02%$105,177.00
3.48%$37.47
4.30%$0.50134
14.13%$2,422.28
7.58%$0.528717
6.26%$2,419.55
7.45%$0.333537
8.05%$105,443.00
3.50%$0.265596
9.57%$0.999927
-0.00%$2,578.30
6.86%$2,521.71
7.49%$0.626633
10.20%$0.999461
-0.01%$1.39
9.40%$0.0142665
6.89%$2,417.59
7.26%$0.426424
4.41%$7.86
1.31%$47.68
6.53%$2.41
7.39%$0.04410146
19.96%$37.51
4.55%$0.060859
-0.69%$0.999902
0.02%$0.9998
-0.01%$0.166027
7.40%$0.425268
11.77%$0.164941
33.43%$1.36
15.92%$1.091
0.04%$0.999045
-0.28%$0.00696036
19.97%$0.00437161
27.50%$0.0000004
2.03%$5.65
10.57%$0.117721
11.50%$0.331325
19.65%$1.00
-0.03%$13.82
11.06%$0.999139
-0.55%$2,415.65
7.41%$0.523794
9.17%$0.00001889
7.01%$2.29
10.42%$2,568.30
7.78%$0.994477
15.01%$0.495177
11.54%$0.00000093
25.81%$1.17
12.67%$0.070658
9.85%$0.0040607
16.85%$0.35677
5.18%$0.140365
15.54%$5.30
5.16%$1.21
5.32%$1.44
10.89%$0.03499049
3.63%$0.03566775
8.76%$0.00342618
22.88%$0.343792
6.99%$0.164328
-3.17%$2,667.51
7.41%$105,243.00
3.54%$105,829.00
3.77%$0.809216
34.96%$0.01678735
2.56%$19.75
1.64%$2,645.88
7.29%$1.00
0.02%$158.23
8.03%$0.99938
-0.06%$1.001
0.13%$0.03155389
3.49%$2,420.71
7.51%$1.13
11.47%$0.00005584
4.87%$0.307244
17.37%$0.718516
5.86%$0.999912
0.01%$10.07
3.75%$0.04584432
15.07%$0.449473
7.33%$0.063007
13.29%$2,418.03
7.64%$110.27
7.54%$0.00342896
6.28%$18.31
8.59%$0.623281
19.99%$105,263.00
3.57%$0.00534597
16.88%$0.00000136
2.64%$0.600719
8.30%$1.002
0.43%$1.68
-0.90%$103,720.00
3.71%$0.184533
5.74%$2,118.20
3.44%$1.017
0.15%$6.28
13.34%$0.00381307
19.12%$0.182657
7.99%$100,700.00
1.34%$0.999224
-0.01%$14.67
5.88%Reading
Peer-to-peer BitcoinBitcoinexchange LocalBitcoins today posted its business results for 2019—and business is good, despite struggles dealing with money laundering on the platform and losing ground to rival Paxful.
Posting a 10% increase in revenue from the year before, the Helsinki-based company announced an annual revenue of €26.2 million ($29.48 million).
The company—one of the most popular cryptocurrencycryptocurrency exchanges in the world—said that there were 1.46 million new customers on the platform in 2019 and €2.48 billion ($2.79 billion) worth of trades.
It also said there were 15.6 million trades on the platform in 2019 and 913,000 active traders.
These gains come after some difficulties for the company. The exchange has year after year been labelled as the number one spot for crypto assets of illicit origin to pass through, and last year took measures to combat money laundering and introduced a know-your-customer (KYCKYC) regulation.
Peer-to-peer exchange LocalBitcoins turned out to be the main destination for crypto assets of illicit origin in 2019, according to a recent report published by blockchain security firm CipherTrace. The analysts estimated that Finland was in the lead last year by the amount of illicit crypto transferred to the country’s platforms—12.01% of all coins that were sent to Finnish digital exchanges had criminal provenance. Hackers find $18 million jackpot on two crypto exchanges The main culprit was F...
It also stopped facilitating cash trading to make it compliant with regulators in Finland—leading some traders to ditch the exchange.
What’s more, New York-based, peer-to-peer exchange Paxful is quickly catching up with LocalBitcoins in terms of trade volume: last month, Paxful beat LocalBitcoins in weekly BTC volume for the first time, according to analytics website Useful Tulips.
[1/] A truly tectonic week for P2P exchanges with @Paxful and @LocalBitcoins setting new combined weekly YTD records! This was also the first week in history where Paxful exceeded LocalBitcoins trading with $42.8M to $41.7M in USD equivalent volume. Wow.https://t.co/gc0t6ZEoCK pic.twitter.com/FwliWEALVE
— Matt Ahlborg [UsefulTulips.org] (@MattAhlborg) June 9, 2020
But LocalBitcoins is still continuing to grow, it said today in its report, despite there being a “few bumps on the road.”
“The rapidly growing new customer numbers naturally are a sign of a healthy demand and great future potential for LocalBitcoins,” CEO Sebastian Sonntag said in a statement.
“As expected, undesired activity was driven away from the platform and the implementation of KYC itself was a challenging process. Despite these, we were able to deliver growth and excellent earnings.”
“However, as said, change will take time and we need to stay humble and keep on serving our customers the best we can,” Sonntag said.
Of course, these are last year's figures we're talking about after all. To get a real sense of how LocalBitcoins' business has been affected by the growing field of P2P exchanges, we'll need to wait for the 2020 numbers.
ECD Automotive Design, Inc. has secured $500 million to acquire and store massive amounts of Bitcoin in a corporate treasury, according to the firm’s statement on Monday—a business strategy that has gained traction among a number of public companies over the past few months. The Florida-based car restoration company, which bills itself as the largest restorator of Land Rovers and Jaguars, signed a $500 million equity facility with ECDA Bitcoin Treasury LLC, according to its press release. An...
Positive legislative and regulatory developments buoyed Coinbase’s stock last week, among other events boding well for the crypto exchange’s long-term growth prospects, investment bank Benchmark, wrote in a Monday note. The company’s share price jumped more than 23% as Coinbase secured a Markets in Crypto Assets, or MiCA, license and a bipartisan slate of U.S. lawmakers passed the GENIUS Act in the Senate, which seeks to establish federal rules for stablecoins, Equity Research Analyst Mark Palme...
Social media personality and crypto investor Anthony Pompliano unveiled a $1 billion merger on Monday to create ProCap Financial, a Bitcoin-native financial services firm that will soon join a growing list of companies stockpiling the asset on the Nasdaq. Pompliano, who began promoting ProCap in April, said on X, formerly Twitter, that he had recently raised $750 million from “leading institutional investors on Wall Street” for the blank-check firm, alongside heavy hitters in the cryptosphere. “...
