In a blog post, LocalEthereum revealed that it has rebranded itself to LocalCryptos as the peer-to-peer platform announced to add more cryptocurrencies. LocalEthereum, now LocalCryptos serves more than 100,000 users worldwide, the blog claimed.
LocalCryptos adds support for bitcoin.
According to the blog, LocalCryptos is the new all in one peer-to-peer crypto marketplace. It claims to be the one-stop-shop for fiat-to-crypto ramps worldwide. The direct rival to the LocalBitcoins, LocalCryptos, has also announced to add support for the leading cryptocurrency, bitcoin.
The platform claims to be the inclusive privacy-first peer-to-peer marketplace where users are in control. The platform claims to have more than 100,000 users all over the world. LocalCryptos also informed that it would list some of the most popular Ethereum-based tokens over time.
LocalCryptos aims to take over LocalBitcoins
In a peer-to-peer exchange battle, LocalCryptos seem to be taking a leap as the platform goes under significant changes. Earlier, LocalBitcoins announced its registration with regulators in Finland. In the eyes of Finnish regulators, LocalBitcoins is an official virtual currency provider.
In its blog, LocalCryptos states that LocalBitcoins is a centralized, custodial, and a far cry from private. LocalCryptos takes a non-custodial approach to cut out the risk of theft and put users in charge, blog reads.