Localbitcoins Removes In-Person Cash Trades, Catalyzing Exodus to Paxful and Local.Bitcoin.com

On June 1, Localbitcoins abruptly canceled all in-person cash trades, forcing traders to seek alternatives. Paxful founder Ray Youseff reported a surge in new registrations, while Local.Bitcoin.com gears up to launch on June 4 with a non-custodial BCH marketplace supporting cash trades.