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Argentina Sets New Bitcoin Trading Record as Economy Worsens


Argentina sets new Bitcoin trading record as economy worsens

In the midst of a financial crisis, worsened by lockdowns due to the coronavirus pandemic, Argentina is now trading more Bitcoin than ever. Almost.

In brief

  • Bitcoin trading in Argentina has nearly doubled week over week.

  • In fiat terms, Argentina is now trading more Bitcoin than ever, measured in pesos.

  • The spike in BTC trading comes as Argentina braces for its worst financial crisis yet.


Argentina is now trading more Bitcoin than ever. Almost. Last week, Bitcoin trading in Argentina exploded to a record-setting volume of 101 million Argentine pesos (roughly $1.4 million USD). The previous all-time high for weekly BTC volume, measured in the local currency, was almost half that at 69 million. The surge in BTC trading comes amid what could potentially be Argentina's worst economic recession in its troubled history. Read More...