Bitfinex Introduces P2P Trading Platform in Venezuela, Argentina, and Colombia

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Bitfinex, a leading digital asset exchange, has launched its innovative peer-to-peer (P2P) trading platform, 'Bitfinex P2P,' in Venezuela, Argentina, and Colombia. The platform enables users in these South American nations to directly buy and sell popular cryptos such as Bitcoin, Tether's EURT stablecoin, Tether Gold (XAUT), and Ether (ETH). 

This move by Bitfinex signifies its dedication to fostering financial freedom and inclusion in Latin America.

With the introduction of Bitfinex P2P, customers can complete transactions directly with each other outside of the Bitfinex platform, facilitating a seamless and efficient trading experience. The expansion into these countries aligns with Bitfinex's mission to promote digital asset-related financial services across the region. By providing a reliable and user-friendly P2P platform, the company aims to empower customers and give them greater access to innovative financial technologies.

Bitfinex P2P simplifies the trading process into two stages. Users create an 'Ad' indicating their intention to exchange a supported token for fiat currency or another digital asset. These users, known as 'Makers,' can then engage in trades with other customers, referred to as 'Takers,' based on the conditions defined in the Ad. To enhance security and transparency, the 'Bitfinex P2P Marketplace' offers a public profile view, allowing buyers and sellers to evaluate potential counterparties before initiating a trade. This view includes important information such as Average Payment Time, Trading Volume, and Trading Counts.

In the near future, Bitfinex plans to launch a mobile version of Bitfinex P2P, enabling customers to buy and sell cryptos on the go. The exchange also intends to introduce additional features to enhance the overall customer experience.