Post
Topic
Board Service Discussion
Re: What after localbitcoins.com shutting down
by
logfiles
on 16/02/2023, 13:44:00 UTC
Paxful and other rivals are doing well and recording regular yearly gains to buttress my point.
I don't know about Paxful's KYC policy, but their volumes seem to be starting to decline too, according to coindance and the current weekily of $30M is nowhere near Localbitcoin's all-time high of over $120M weekly trading volume.

We will see how it goes, maybe they will benefit from the closure of Localcryptos and Localbitcoins.

What I believe is that they (Localbitcoins) are short of partonge compared to cost of running their service, hence the need to shutdown.
The lost the volumes so quickly because of their strict KYC policy and they suffocated so fast.