LocalBitcoins were previously a p2p exchange, but they stopped being that when they made KYC mandatory, so saying they were a p2p exchange, and that competing with centralized exchanges is one of the reasons they collapsed is not true
Sorry, I didn't get that! Why do you think they are not a p2p exchange anymore just because they decided to enforce kyc? And what does that have to do with being centralized or not?
Lbc was still a p2p exchange even after enforcing kyc and, BTW, I don't believe this is the reason, or the drop of their trading volume, is the reason why they had to shut down their services. Binance have the most strict kyc requirements but they