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Home » Bitfinex enables free P2P Bitcoin trading in Latin America

Bitfinex enables free P2P Bitcoin trading in Latin America

Important facts:
  • P2P is free for buyers or users who exchange advertisements that have already been published.

  • Bitfinex P2P allows you to trade Bitcoin (BTC), Tether (USDT), Tether Gold (XAUT), and Ether (ETH).

Bitfinex, a Bitcoin (BTC) and cryptocurrency exchange registered in the British Isles and founded in 2012, announced the activation of free trading on its P2P platform for customer or “offer takers” from Latin America.

Depending on what the exchange itself communicates in its Advertising: “The platform is now free for users who execute buy or sell orders at market prices, also known as ‘those who respond to offers’.”

Additionally, Paolo Ardoino, CTO of Bitfinex, made statements about free transactions for Latin American offer takers of his P2P:

“We are pleased to introduce fee-free trading for market participants on our P2P platform in Argentina, Colombia and Venezuela. These are some of the most dynamic and vibrant cryptocurrency markets in the world where we see huge potential for growth and innovation. By eliminating trading fees for market participants, we hope to attract more users and liquidity to our platform and promote a more inclusive and accessible ecosystem in Latin America.”

Paolo Ardoino, CEO of Bitfinex.

To use Bitfinex P2P, at least basic verification is required. Source: Bitfinex

At the time of publishing this article, the liquidity available to purchase Bitcoin (BTC) on P2P is zero. For sale, the liquidity of Bitfinex’s Argentine and Venezuelan P2P is low but non-existent, and there are no P2P offerings of this cryptocurrency for Colombia. However, Selling USDT significantly improves liquidity for the three countries in the Latin American region.

For Bitfinex Venezuela P2P, the predominant payment methods are mobile payment, bank transfers from various companies, Zelle and Zinli. In Argentina, bank transfer, Payeer, Wise, Belo App and Nequi stand out.

As CriptoNoticias reported in June this year, Bitfinex a P2P inaugurated with a focus on Venezuela, Colombia and Argentina, on the occasion of a series of initiatives for Latin America to facilitate exchanges in Colombian, Argentine pesos and bolivars.

As reported in this note, the other initiatives for the region consisted of capital investments in Chilean “crypto bank” OrionX and Bitcoin promotions in El Salvador. As for the Salvadoran country, Bitfinex entered into an alliance with the financial company DitoBank in September this year. to improve the processing and speed of “high volume” transactions (up to 2 BTC) via the Lightning Network, the second layer of Bitcoin.

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