The Canadian dollar has been floundering against the USD over the past times 2 months, depreciating 4.2 portion betwixt the kickoff of Feb in addition to mid-March every bit a consequence of
lower crude prices, dubiety surrounding USA merchandise policy in addition to excessive slack inwards the Canadian economy.
But at that topographic point is testify that around Canadians are taking a 2nd await at digital currencies similar Bitcoin.
For example, trading action on LocalBitcoins - a P2P online marketplace for cryptocurrencies - past times Canadians has been on the ascent since the kickoff of 2017.
The most recent weekly book information past times
Coin.dance, which keeps rail of LocalBitcoins action inwards several countries, shows that $605,785 CAD worth of the digital currency changed hands inwards Canada during the concluding calendar week of March:
Last week’s figure exceeded the previous weekly tape of $475,930 CAD, which was recorded during the 2nd calendar week of March, 2017, past times virtually $129,855 CAD. This is the largest week-to-week increase on record!
While the sum of actual Bitcoin traded inwards
Canada on LocalBitcoins did non increase to a novel tape high concluding week, it did ascent to a 53-week high of 431 Bitcoin.
Additionally, Canadians’ rising appetite for digital currencies tin give notice too live on observed past times looking at the rising volumes of i of Canada’s largest cryptocurrency exchanges: the Vancouver-based
QuadrigaCX.
Charts from Bitcoinity present that bulk of the highest book days on
QuadrigaCX’s CAD/Bitcoin trading pair were inwards March of this year. On March 9th, a tape $2.7 i one 1000 thousand Canadian dollars went through QuadrigaCX:
