Amid declining global volume, Localbitcoins.com continues to incorporate a hub for Latin American peer-to-peer (P2P) trade — with Argentine republic, Chile, and Venezuela posting record book over recent weeks according to Coin.dance.

This past week saw Localbitcoins trade between Bitcoin (BTC) and the Mexican peso spike by 71%. As such, the calendar week of Apr 25 saw roughly $430,000 worth of BTC alter hands in Mexico — comprising the fourth-strongest weekly trade activity on tape.

Latin markets postal service record volumes during April

Argentinian P2P trade rallied to post a new record of more than $710,000 in weekly book during the week of April 18. The past week has seen a slight retracement in volume, with $670,000 worth BTC irresolute easily.

Colombian trade has also rallied to exam all-time high book thresholds this past calendar month — with the week of April 4 producing the market's 2nd-strongest seven days of trade with $2.7 million in book. The post-obit weeks have seen volume oscillate between $2.1 one thousand thousand and $2.vi 1000000.

The week of April 4 saw record volume coming out of Chile. with most $400,000 in trade. The record followed months of consistently increasing book, and has been preceded by weekly trade activity worth between $280,000 and $325,000.

Venezuela posts consecutive volume records

This past week saw Venezuelan trade on Localbitcoins post a new tape for volume with $iv.1 billion worth of BTC changing hands in 7 days.

The week comprised the 4th consecutive tape for Venezuelan weekly trade since the beginning of April.