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LocalBitcoins is the world's leading peer-to-peer Bitcoin exchange where users trade Bitcoins directly from each other eliminating the third party.

LocalBitcoins is started in Helsinki, Finland, in June 2012. LocalBitcoins is one of the oldest Bitcoin exchanges and as of August 2016, LocalBitcoins has more than 1 350 000 registered users from 249 various nations trading $14 000 000 value of BTC every week.

The exchange posted annual revenue of €26,2 million, a rise of 10 percent from 2018, and an annual operating income of €17,6 million.

The LocalBitcoins has extended its anti-money laundering and know-your-customer (KYC) regulations", in 2019.

The growth of LocalBitcoins in the year 2019

LocalBitcoins has 1,46 million new traders on the exchange platform
LocalBitcoins has a trade value of €2,48 billion worth of trades on the exchange platform.
The volume of 15,6 million trades
There were 913 thousand active traders on the LocalBitcoins exchange platform.

The cryptocurrency market is expanding with the rising of bitcoin prices, as people are more interested in acquiring cryptocurrency. Starting a cryptocurrency exchange is a futuristic business plan in 2021. Cryptocurrency helps people acquire complete control over their digital transactions without depending on a third party like Banks.

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