Data: Bolivia's virtual asset trading volume has more than doubled in the past three months

2024-09-28 09:36:27

Collection

ChainCatcher news, according to Cryptoslate, based on a report from the Central Bank of Bolivia (BCB), since Bolivia lifted its ban on Bitcoin in June, the country's virtual asset trading volume has more than doubled in the past three months.

From July to September, the average monthly trading volume surged to $15.6 million, compared to $7.6 million in the first half of the year. This significant increase brought the total trading volume for the quarter to $46.8 million, surpassing the levels of the previous six months. The number of virtual asset transactions also grew by 141%, rising from 932,000 transactions in the same period to 1,123,000 transactions. This growth reflects an increasing acceptance of virtual assets among financial institutions and individual users.

Since the issuance of Resolution No. 082/2024 on June 25, the trading volume of virtual assets has skyrocketed, allowing the purchase and sale of virtual assets using electronic payment methods, with stablecoins accounting for the majority of the transactions.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.