LocalBitcoins Slashes UK Bitcoin Trading Fee Post-Brexit Vote

Popular peer-to-peer bitcoin exchange platform LocalBitcoins has announced that it will halve its trading fee for all bitcoin trades done in the UK, starting today.
In an effort to increase bitcoin buying in the UK following the Brexit vote which saw the sterling pound fall in its valuation, P2P bitcoin exchange LocalBitcoins will slash its fee for bitcoin trades among UK customers, this month.
In a press communication with CCN, the Finland-based bitcoin exchange revealed its affinity to the UK, which it sees an important market. Founded in 2012, LocalBitcoins praised the UK market as the first to see growth in P2P bitcoin trading, which in turn helped the exchange ‘solidify’ its future. Activity in the UK also helped the exchange with ‘enough money to hire their first employee’, the exchange revealed. Furthermore, the UK ‘was the first market where Localbitcoins market became liquid,’ according to CEO Nikolaus Kangas.

This post was published at Crypto Coins News on 05/09/2016.