Indian peer-to-peer exchange’s bitcoin transactions soar in May, approaching all-time highs

The data shows that in the past month, the number of bitcoin transactions on the Indian peer-to-peer trading platform has been growing, approaching historical highs, and Paxful has replaced LocalBitcoins as India’s preferred exchange. On May 10, Paxful’s bitcoin trading volume in the Indian market soared to 1.48 million US dollars. LocalBitcoins’ bitcoin trading volume exceeded 1.25 million US dollars, totaling about 2.7 million US dollars, close to the record high of 2.9 million US dollars in December 2017. (Decrypt)