A decentralized market Bisq reported record growth in trading volumes Monero

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Developer Bisq Christoph Attender reported that October was the most successful this year month for a decentralized platform.

… and October 2018 is already the most successful month ever on @bisq_network ($3,179,564 in volume and counting) 🚀 pic.twitter.com/loWwHngmLW

— Christoph Atteneder (@chrisattee) 21 Zhovtnya 2018 R.

Since the beginning of the month trading volume on the platform exceeded $3 million and continues to grow steadily.

Analyst for The Block Larry Cermak expressed confidence that the volume of trading on the Bisq will achieve results by April 2016, when it met the $5 million

1/ Bisq, a decentralized peer-to-peer exchange, surpassed $3.5 M in monthly volumes in October and recorded the most successful month since the project’s inception in April 2016. They are projected to approach $5M in October.https://t.co/zaopmPMz9c pic.twitter.com/p60M7oeX9U

— Larry Cermak (@lawmaster) 22 Zhovtnya 2018 R.

According to CoinMarketCap, the most popular asset on the Bisq is a cryptocurrency Monero:

Also Larry Cernak notes that never before Monero was not on the Bisq is so popular. An abnormal burst of activity in a pair of XMR/BTC analyst associates with the implementation of KYC procedures at the service ShapeShift.

3/ 89% of all volumes on Bisq involved Monero in the last three months. In the previous 2 years of Bisq”s existence, only 17% of volumes involved Monero. This is likely because of the heightened regulatory pressure that resulted in having to Shapeshift KYC of its customers.

— Larry Cermak (@lawmaster) 22 Zhovtnya 2018 R.

ForkLog previously reported that thanks to the implementation of the Protocol Bulletproofs Commission Monero dropped by about ten times.

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