In a bold move to enhance financial freedom and inclusion in Latin America, Bitfinex, a premier digital asset trading platform, is launching ‘Bitfinex P2P’. This innovative new peer-to-peer (P2P) platform is now going to target customers in Venezuela, Argentina, and Colombia.
Bitfinex P2P enables users to directly buy and sell Bitcoin (BTC), Tether tokens (USDt and EURt), Tether Gold (XAUt), and Ether (ETH). Transactions are completed directly between customers, external to the Bitfinex platform. Furthermore, customers can swap one digital token for another within the marketplace.
Bitfinex’s CTO, Paolo Ardoino, expressed his delight at the launch of Bitfinex P2P in these three Latin American countries.
Emphasizing Bitfinex’s commitment to providing a reliable and efficient platform for P2P token trading, Ardoino highlighted the company’s mission to empower customers and democratize access to innovative financial technologies worldwide.
Trading on Bitfinex P2P is a two-stage process. First, a customer creates an ‘Ad’, indicating their intention to exchange one of the supported tokens for either fiat or another token.
This individual, referred to as the ‘Maker’, makes the ad publicly visible on the ‘Ad Board’. Other customers, known as ‘Takers’, can then choose to participate in a trade based on the conditions defined by the Maker.
Also Read: Crypto Adoption in Latin America and its Impact on Cross-Border Payments
To ensure customers’ peace of mind during transactions, Bitfinex P2P includes a public profile view, which displays potential counterparties’ details and transaction statistics. Later this year, Bitfinex plans to launch a mobile version of the P2P platform, along with other features designed to enhance user experience.
