Bitfinex launches P2P platform in Venezuela, Argentina and Colombia

Bitfinex launches P2P platform in Venezuela, Argentina and Colombia

By Benson Toti - min read
  • Bitfinex P2P will support buying and selling of Bitcoin, Ethereum and Tether tokens USDt and EURt.
  • The company is looking to bolster financial freedom and inclusion across Latin America.
  • Bitfinex completed an investment in Chile-based crypto bank OrionX in May.

Bitfinex, one of the leading digital asset trading platforms, is making further inroads in Latin America as it seeks to bring financial freedom and inclusion to the region.

In the latest Bitfinex news, the company announced the launch of its peer-to-peer (P2P) platform for users in Venezuela, Colombia and Argentina.

Bitfinex P2P to support BTC, ETH and Tether

Dubbed ‘Bitfinex P2P,” the platform will offer people in the three countries an avenue with which to directly buy and sell Bitcoin (BTC) and Ether (ETH). Users of Bitfinex P2P will also access Tether tokens (USDt and EURt) as well as Tether Gold (XAUt).

The platform will also allow customers to swap digital tokens, according to details in a press release published on Tuesday.

Paolo Ardoino, CTO of Bitfinex said:

By offering a reliable and efficient platform for P2P token trading, we are empowering our customers to engage with the marketplace in a way that affords maximum convenience based on their needs and preferences. We believe in the transformative power of Bitcoin and other digital assets, as well as the importance of providing greater access to innovative financial technologies worldwide.”

Bitfinex’s entry into the P2P market in the region is likely to be welcome news to crypto users after two of the leading P2P marketplaces in LocalBitcoins and Paxful shut down their operations. The expansion also comes after Bitfinex invested in Chilean “crypto bank” OrionX, a deal completed in May.