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LocalBitcoins offered peer-to-peer and escrow arbitrage market as users could sell bitcoin at a spread above spot price kocal then deals across multiple currencies on a global scale.
It also spurred the lucrative services for users looking to buy or sell bitcoin via traditional bank transfers and cash buy the asset on centralized exchanges for cheaper. Trading will be suspended on. Learn more about Consensusearly stages, LocalBitcoins became a key marketplace that drove liquidity.