Bitfinex, A DIGITAL Asset Exchange, Has Intropuced A Peer-To-Peer (P2P) Trading Platform in Venezula, Argentina, and Collembia. The newly launch "bitfinex P2P "Platform Enables Users in These South American Countries to Engage in Buying and Selling Various cryptocurrencies, including Bitcoin, Ether, Tether, Tether's euro-pegged stablecoin EURT, and Tether Gold (XAUT). Paolo Ardoino, the Chief Technology Officer of Bitfinex, highlighted that this expansion is part of the exchange's broader mission to promote digital asset-related financial services in Latin America.
This announcement follows Bitfinex's acquisition of a digital asset service provider license from El Salvador's National Digital Assets Commission in April. Additionally, the exchange established a partnership with Chilean cryptocurrency platform OrionX in May, aiming to sup port local education programs and enhance financial literacy in the region .
The closure of LocalBitcoins, a prominent peer-to-peer cryptocurrency exchange serving many Latin American residents, in February created a void in the market. Similarly, Paxful, another popular platform in the region, temporarily suspended its operations in April. but announced its relaunch in May. Bitfinex's entry into Venezuela, Argentina, and Colombia with its P2P trading platform provides users in these countries with an alternative option for engaging in cryptocurrency transactions.
