27 Jun Bitfinex Launches Peer-to-Peer Platform ‘Bitfinex P2P’ in Venezuela, Argentina and Colombia
ROAD TOWN, British Virgin Islands – June 27, 2023 – Bitfinex (https://www.bitfinex.com/), a state-of-the-art digital asset trading platform, is doubling down on its commitment to financial freedom and inclusion in Latin America with the launch of ‘Bitfinex P2P,” an innovative new peer-to-peer (P2P) platform focused on Venezuela, Argentina and Colombia.
Bitfinex P2P allows customers to buy and sell Bitcoin (BTC), Tether tokens (USDt and EURt), Tether Gold (XAUt) and Ether (ETH) directly while completing payment directly with one another outside of the Bitfinex platform. Customers can also swap one digital token for another within the marketplace.
“We are delighted to announce the launch of Bitfinex P2P in Venezuela, Argentina, and Colombia,” said Paolo Ardoino, CTO of Bitfinex. “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 P2P: Straightforward, Customer-Centric Trading
Trading on Bitfinex P2P is a straightforward two-stage process. A customer creates an ‘Ad’ signaling their intent to exchange one of the supported tokens, either for fiat or another token. The creator of the ad is referred to as the ‘Maker’. The ads are then publicly visible on the ‘Ad Board,’ available at https://p2p.bitfinex.com. Other customers, known as ‘Takers’, may then decide to engage in a trade according to the conditions defined in the Ad by the Maker.
For additional peace of mind when selecting orders and interacting with unknown counterparties, the ‘Bitfinex P2P Market Place’ includes a public profile view. This allows Buyers and Sellers to see details and transaction statistics about a possible counterparty, such as Average Payment Time, Trading Volume, Trading Counts and other information, before proceeding with a trade.
A mobile version of Bitfinex P2P allowing customers to buy and sell crypto on the go is scheduled to be launched later this year, along with additional features aimed at enhancing the customer experience.
Bitfinex’s Continued Commitment to Financial Freedom in Latin America
Bitfinex’s launch of Bitfinex P2P starting in Venezuela, Argentina and Colombia represents the latest in a series of moves aimed at expanding access to digital asset-related financial services in Latin America.
In May 2023, for example, Bitfinex announced its investment in leading Chilean “cryptobank” OrionX ahead of the latter’s move to expand in Peru, Columbia and Mexico. Over the past two years in particular, Bitfinex has also played an increasingly active role in El Salvador, the world’s first country to officially adopt Bitcoin as legal tender, working closely alongside organizations such as Mi Primer Bitcoin to promote financial education and support the growth of local businesses. In April 2023, Bitfinex Securities became the first international digital asset platform to be licenced under El Salvador’s Digital Assets issuance law, allowing it to raise digital asset financing for a wide range of entities. In November 2022, Bitfinex also chose El Salvador to launch its Bitfinex Freedom Manifesto, a cypherpunk-inspired declaration underlining its commitment to leveraging tech innovation to further freedom, privacy and financial inclusion worldwide.
For more information about Bitfinex and its commitment to financial freedom, please visit www.bitfinex.com/manifesto
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for digital token traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and financed trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world.
Media Contact for Bitfinex
This press release is not an offer to sell or the solicitation of an offer to buy BTC, USDt, EURt, XAUt or ETH. Tether Limited and Tether International Limited will only sell or redeem USD₮ and EUR₮ pursuant to its terms of service available (as of the date of this press release) at tether.to/en/legal. TG Commodities Limited will only sell or redeem XAU₮ pursuant to its gold token terms of sale and service available (as of the date of this press release) at gold.tether.to/legal.