Paxful has overtaken LocalBitcoins for the first time. What's behind the P2P flippening?

Quick Take

  • Earlier this month, Paxful passed LocalBitcoins in weekly global trading volume after nipping at its heels for half of a year
  • During the week that ended June 6, Paxful users traded nearly $39.8 million dollars, pushing LocalBitcoins, which saw just over $39.5 million, into the second position for the first time
  • Several factors may be at play here
Earlier this month, Paxful passed LocalBitcoins in weekly global trading volume after nipping at its heels for half of a year.

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