Bitcoin adoption keeps growing as trading volume hits $4 billion

Ecuador, a country where bitcoin was banned back in 2014 by the then/president so that national electronic money could take its place, seems to be having new volume heights with the cryptocurrency.

According to Bitcoin.com, the government-s digital currency, Dinero Electrónico, pegged one-to-one with the U.S. dollar, isn’t trusted by the citizens. Alternatively, bitcoin keeps getting new users as even on LocalBitcoins users keep on trading right under the nose of authorities who neglect to punish these actions. Some businesses even risk accepting bitcoin!

Meanwhile, according to data from Coin.Dance, trading volume on LocalBitcoins and Paul has been skyrocketing in countries like Brazil, Australia, and India – the country that asked its people whether or not it should legalize digital currencies.

The total cryptocurrency trading volume has recently hit $4 billion, making it as large as that of some of the smaller stock exchanges out there, including that of Australia, for example. Major stock exchanges reach $1 trillion in volume and even though we aren’t there yet, it’s just a matter of time.

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