Major Exchange Luna Reporting Record Trading Volume

“Major Exchange Luna Reporting Record Trading Volume of Approximately R128m (97m USD) This past Weekend”
These major exchange Luno has reporting record trading volume of the approximately R128m (97m USD) between Friday and Sunday.

They have successful implementation of segregated witness to the surge of South African bitcoin trading in a recent interview with the techcentral. There was a lot of disunity in the bitcoin community leading up to the fork. These have people divested from bitcoin not knowing how the fork would pan out. They went relatively smoothly and there is now more clarity on how bitcoin and bitcoin cash the forked blockchain of plan to scale. This clarity has drawn people back into the crypto currency and as there is a limited supply of bitcoin the price is going up.

These trading have resulted in pressure being placed on regulators to develop a clear regulatory framework pertaining to bitcoin and crypto currencies. They announced that will initiate testing of a regulatory sandbox working exclusively with blockchain solutions provider.

“It’s Not Just This Funny Thing That Geeks Are Playing with Mainstream Pundits Are Making Predictions and Mainstream Institutional Investors Are Looking at it.” The ceo of Bank moon have believes that bitcoin is entering a significant phase of its trajectory towards mainstream adoption.

It’s not just this funny thing that geeks are playing with. They outside of the system are looking at it seriously and trying to figure out how it works and there is all this new money coming into the system. They have got over that early stage when people thought it was all about drug dealers and money launderers.

They believe the bitcoin markets are overall highly bullish, owing to renewed investor confidence in the face of the scaling debate resolution. If you are in bitcoin users then you should be bullish. They have stopped the rally in the past are not having that effect anymore. But the sentiment is positive and there is nothing fundamentally right now that looks threatening. It’s not impossible to see the price doubling by the end of the year.

Source:- https://news.bitcoin.com/south-african-bitcoin-trading-sets-record-volume/?utm_source