Peer-to-peer bitcoin (BTC) trading has seen rapid growth in recent months, with the African continent becoming the second largest region in the world in terms of P2P volume after the United States.
Africa was the only region to increase its seven-day P2P trade last week - Sub-Saharan Africa's trade hit its seventh highest for a weekly trade in nine weeks.
Since early January, Sub-Saharan Africa has overtaken Asia Pacific, Eastern Europe and Latin America to become the second largest P2P market by over 50%.
It's hard to believe, but such popular crypto exchanges as binance and https://cryptex.net/en are also used there.
Major CEX's already have p2p functionality. The major hurdle is trusting the counterparty. By requiring kyc, the CEX p2p marketplace has filled the gap. The question is, how would you improve the p2p market without kyc? How would you build the trust in your platform?
But today there are plenty of solutions with a simple interface. Have a close look at https://www.swaps.app/. In my opinion it is a perfect solution for your purpose.
https://bisq.network/
Its already operating at scale since many years. Probably the only real p2p exchange which has liquidity and actually works
Peer-to-peer bitcoin (BTC) trading has seen rapid growth in recent months, with the African continent becoming the second largest region in the world in terms of P2P volume after the United States.
Africa was the only region to increase its seven-day P2P trade last week - Sub-Saharan Africa's trade hit its seventh highest for a weekly trade in nine weeks.
Since early January, Sub-Saharan Africa has overtaken Asia Pacific, Eastern Europe and Latin America to become the second largest P2P market by over 50%.
It's hard to believe, but such popular crypto exchanges as binance and https://cryptex.net/en are also used there.
Major CEX's already have p2p functionality. The major hurdle is trusting the counterparty. By requiring kyc, the CEX p2p marketplace has filled the gap. The question is, how would you improve the p2p market without kyc? How would you build the trust in your platform?
I'm already working on it on https://cryptogem.global/
trust can be built by having a feedback score.
best of luck in scaling. how is the pressure from the government currently?
Nothing yet. The idea is not to talk about how much value you're currently trading. Once you expose certain metrics they will be on your case.
Sounds...revolutionary =)
meh, it's business, you just have to try and see where that takes you.
Hmm, what do you see the advantages over already existing DEXs?
existing DEXs have complicated trading features.
A simple interface, buy or sell could be the solution.
But today there are plenty of solutions with a simple interface. Have a close look at https://www.swaps.app/. In my opinion it is a perfect solution for your purpose.
This comment was deleted 3 months ago.