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Bitfinex launches P2P trading platform in Venezuela, Argentina and Colombia

Bitfinex launches P2P trading platform in Venezuela, Argentina and Colombia
© Copyright Image: Crypto Breaking News

Digital asset exchange Bitfinex has launched a peer-to-peer (P2P) trading platform in Venezuela, Argentina and Colombia.

In a June 27 announcement, the crypto exchange said it had started the “Bitfinex P2P” platform allowing users in the South American nations to buy and sell Bitcoin (BTC), Ether (ETH), Tether (USDT), Tether’s euro-pegged stablecoin EURT and Tether Gold (XAUT). Bitfinex chief technology officer Paolo Ardoino suggested the expansion into the three countries was part of the firm’s efforts to promote digital asset-related financial services in Latin America.

Related: Peer-to-peer crypto exchanges struggle to navigate shifting legal landscape

The launch announcement followed Bitfinex’s El Salvador arm receiving a digital asset service provider license from the country’s National Digital Asset Commission in April. The exchange also partnered with Chile-based crypto platform OrionX in May, aiming to support local education programs and financial literacy.

P2P crypto exchange LocalBitcoins, which provided services to many residents of Latin America, shuttered its operations in February after more than 10 years. Paxful, another platform popular in the region, suspended operations in April but announced in May it was back online.

Magazine: Cryptocurrency trading addiction: What to look out for and how it is treated

Source: Cointelegraph.com

The post Bitfinex launches P2P trading platform in Venezuela, Argentina and Colombia appeared first on Crypto Breaking News.

Read more: https://www.cryptobreaking.com/bitfinex-launches-p2p-trading-platform-in-venezuela-argentina-and-colombia/

Text source: Crypto Breaking News

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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