The peer-to-peer Bitcoin trading platform, LocalBitcoins, announced today the launch of its mobile app.
The app is now available to download on Android, with an iOS version still under development, according to a press release. The company did not provide a specific launch date for the iOS app.
Founded in 2021, LocalBitcoins has played a leading role in providing a platform for Bitcoin trading in emerging markets. It currently dominates the peer-to-peer trading space in Latin America and Russia, for example, with a wide lead over up-and-coming competitors such as Paxful and Binance P2P. For example, In Russia, traders swapped less than 5 BTC last week on Paxful, but LocalBitcoin users traded over 40 BTC in the same period of time.
Before today, LocalBitcoins traders had to access the platform from a web browser and a not-so-user-friendly interface. Third-party apps that attempted to use the LocalBitcoins market also failed for security reasons.
In contrast, Paxful and Binance P2P offe
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