Key info:
Bisq is a decentralized bitcoin (BTC) trade with a precedence on privateness.
Alternate volumes have multiplied in euros, {dollars}, kilos and the Brazilian actual.
The trade volumes of bitcoin (BTC) for nationwide currencies and cryptocurrencies elevated exponentially on the decentralized trade Bisq throughout this yr 2021.
Bisq is a software program and platform that permits you to trade bitcoin for nationwide currencies from everywhere in the world. In it, the custody of the funds and the administration of the negotiation are within the palms of the customers.
Reddit consumer bertvanhouten posted on the Bisq discussion board the info on the trade quantity of that platform, exhibiting how they’ve elevated exponentially lately.
In 2019, 2.6 million euros (EUR) have been exchanged on the platform; in 2020, EUR 6 million; Y in 2021, EUR 18 million have been exchanged, tripling in that interval (2020 to 2021) its trade quantity.
Concerning US {dollars} (USD), USD 1.3 million have been exchanged in 2019; USD 3.8 million in 2020 and USD 8.1 million in 2021.
In British kilos (GBP), the foreign money of the UK, the buying and selling quantity went from GBP 500,000 in 2019 to GBP 4.9 million in 2021.
Curiously, Brazil additionally noticed its commerce quantity improve, going from 300,000 reais (BRL) in 2019 to BRL 1.3 million in 2021.
Bisq celebrates the rise within the quantity traded due to its intermediation between suppliers and demanders. Supply: r / bisq – Reddit.
From Bisq they indicated to CriptoNoticias that this yr 2021 43,000 exchanges have been made on the platform, whereas final yr (2020) 37,000 and 26,000 in 2019.
In complete, a complete of 2,800 BTC on the platform throughout 2021, which is equal to USD 138.6 million based on the CriptoNoticias worth calculator.
Throughout 2021, the amount of BTC exchanges quantified in {dollars} has exploded. Supply: Bisq
Privateness, a worth more and more appreciated by Bitcoin customers
«Your keys, your bitcoins. If they don’t seem to be your keys, they don’t seem to be your bitcoins ”, is without doubt one of the hottest phrases of the Bitcoin ecosystem, and that absolutely we have now all heard after we created our first pockets.
Though lately Bitcoin and cryptocurrency exchanges have diversified their ranges of services, it’s nonetheless a actuality that it’s not protected at hand over custody of our funds to them.
As well as, compliance with the laws within the numerous jurisdictions by the exchanges might result in the blocking or confiscation of the funds of customers who don’t adjust to the complete identification or supply of their private information.
Notably, Bisq has all kinds of fee strategies, together with sending money by submit, an possibility that – like different options of the platform – is privacy-oriented. It additionally permits using different not so personal strategies, for instance, Strike, as we reported in CriptoNoticias.
You do not want to finish a Know Your Buyer (KYC) registration to make use of Bisq; because it can be used from your personal node or Bitcoin pockets.
The significance of self-custody, along with privateness, appears to be more and more valued by Bitcoin customers, and that is mirrored within the improve in trade volumes of Bisq, which this yr has additionally enabled connectivity by means of the Tor community.
There have additionally emerged P2P trade alternate options (Peer-To-Peer, Particular person to Particular person) that give custody of funds to customers, akin to HodlHodl; and even on Lightning, Bitcoin’s second layer community, like LNMarkets.
