Peer-to-peer

As the world of cryptocurrencies continues to advance, so are ways in which a trader can exchange crypto for fiat currency. A few years ago, exchange platforms required third party involvement to find asset buyers to complete a trade. However, currently, peer-to-peer (p2p) crypto exchange platforms eliminate central authorities' need in trading. On these platforms, the trading parties enjoy direct trading. A recent Cointelegraph report shows that in the first week of August 2020, 95 million US dollars worth of…

The top peer-to-peer (P2P) crypto exchange LocalBitcoins has noted a 70 percent decrease in the number of transactions related to darknet since its adoption of AML (Anti-Money Laundering) and KYC (Know Your Customer) regulations in September last year. LocalBitcoins noted its ability to remarkably decrease the number of transactions related to darknet carried out using its platform between September last year and May this year. In the words of the chief marketing officer at LocalBitcoins, Jukka Blomberg to Cointelegraph, the…

Arbitrage refers to purchasing and selling an asset to profit from a difference in the asset's price between markets. It is a trade that profits by exploiting the price differences of identical or similar financial instruments in different markets or different forms.  Arbitrage has existed for years in the financial world and is gathering momentum in cryptocurrency. However, with cryptocurrency trading taking root and spreading worldwide, there are periods with significant price variance between exchanges.  Crypto arbitrage is when traders…