LocalBitcoins Announces 2019 Financial Results

LocalBitcoins Announces 2019 Financial Results

LocalBitcoinsthe peer-to-peer platform set up to facilitate in person Bitcoin trading, has released their 2019 financial statements.

LocalBitcoins, the most popular peer-to-peer platform for users to finds like minded individuals to do in person trading with, announced and released their 2019 financial statements in July. LocalBitcoins reported that they brought in an annual revenue of 26.2 million Euros, a 10% increase on their 2018 annual operating income of approximately 17.6 million Euros.

 Sebastian Sonntag, Local Bitcoins CEO, attributes the success to a variety of factors such as KYC (know your customers) and AML (anti-money laundering) regulations and increased customer growth patterns due to repeated customer satisfaction. These newly added regulations also make customers feel much more at ease when using the platform, as it is much harder for malicious parties to make illicit trades or for scammers to try and take advantage of users on the platform. LocalBitcoins has been able to increase their daily signups by a very significant margin, approximately 50%. In early 2020, LocalBitcoins was signing up about 4,000 new customers per day, now they are signing up more than 6,000 per day on average. Make sure to check out LocalBitcoins if you are interested in participating in peer-to-peer Bitcoin transactions. 

Register for Latest Updates & News

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

Bitcoin,Cryptocurrency,Localbitcoins,Trading

Bitcoin Defies Market Trends, Shows Strong Resilience Amid Stock Market Turmoil

LocalBitcoins, the peer-to-peer platform set up to facilitate in person Bitcoin trading, has released their 2019 financial statements. LocalBitcoins, the most popular peer-to-peer platform for users to finds like minded individuals to do in person trading with, announced and released their 2019 financial statements in July. LocalBitcoins reported that they brought in an annual revenue of […]

7 April, 2025
Bitcoin,Cryptocurrency,Localbitcoins,Trading

Exploring the Future of Bitcoin: The Evolution of Open Source P2P Money

LocalBitcoins, the peer-to-peer platform set up to facilitate in person Bitcoin trading, has released their 2019 financial statements. LocalBitcoins, the most popular peer-to-peer platform for users to finds like minded individuals to do in person trading with, announced and released their 2019 financial statements in July. LocalBitcoins reported that they brought in an annual revenue of […]

7 April, 2025
Bitcoin,Cryptocurrency,Localbitcoins,Trading

Bitcoin and stock market crash

LocalBitcoins, the peer-to-peer platform set up to facilitate in person Bitcoin trading, has released their 2019 financial statements. LocalBitcoins, the most popular peer-to-peer platform for users to finds like minded individuals to do in person trading with, announced and released their 2019 financial statements in July. LocalBitcoins reported that they brought in an annual revenue of […]

7 April, 2025
Bitcoin,Cryptocurrency,Localbitcoins,Trading

Crypto Market Plummets as Tariff Fears Trigger Massive Sell-Off

LocalBitcoins, the peer-to-peer platform set up to facilitate in person Bitcoin trading, has released their 2019 financial statements. LocalBitcoins, the most popular peer-to-peer platform for users to finds like minded individuals to do in person trading with, announced and released their 2019 financial statements in July. LocalBitcoins reported that they brought in an annual revenue of […]

7 April, 2025
Bitcoin,Cryptocurrency,Localbitcoins,Trading

Exploring the Rise of Crypto Casino Japan: Top Picks for 2025

LocalBitcoins, the peer-to-peer platform set up to facilitate in person Bitcoin trading, has released their 2019 financial statements. LocalBitcoins, the most popular peer-to-peer platform for users to finds like minded individuals to do in person trading with, announced and released their 2019 financial statements in July. LocalBitcoins reported that they brought in an annual revenue of […]

12 March, 2025
Bitcoin,Cryptocurrency,Localbitcoins,Trading

Bitcoin Soars as Trump Unveils Strategic Cryptocurrency Reserve

LocalBitcoins, the peer-to-peer platform set up to facilitate in person Bitcoin trading, has released their 2019 financial statements. LocalBitcoins, the most popular peer-to-peer platform for users to finds like minded individuals to do in person trading with, announced and released their 2019 financial statements in July. LocalBitcoins reported that they brought in an annual revenue of […]

3 March, 2025
Bitcoin,Cryptocurrency,Localbitcoins,Trading

Bitcoin Price Predictions and Market Trends: March 2025 Insights

LocalBitcoins, the peer-to-peer platform set up to facilitate in person Bitcoin trading, has released their 2019 financial statements. LocalBitcoins, the most popular peer-to-peer platform for users to finds like minded individuals to do in person trading with, announced and released their 2019 financial statements in July. LocalBitcoins reported that they brought in an annual revenue of […]

3 March, 2025
Bitcoin,Cryptocurrency,Localbitcoins,Trading

What happened to bitcoin this week?

LocalBitcoins, the peer-to-peer platform set up to facilitate in person Bitcoin trading, has released their 2019 financial statements. LocalBitcoins, the most popular peer-to-peer platform for users to finds like minded individuals to do in person trading with, announced and released their 2019 financial statements in July. LocalBitcoins reported that they brought in an annual revenue of […]

28 February, 2025