Bitfinex launches P2P trading in Venezuela, Argentina, and Colombia.

Bitfinex, a digital asset exchange, has launched a peer-to-peer (P2P) trading platform in Venezuela, Argentina, and Colombia. The “Bitfinex P2P” platform allows users in the South American nations to buy and sell Bitcoin (BTC), Ether (ETH), Tether (USDT), Tether’s euro-pegged stablecoin EURT, and Tether Gold (XAUT). Paolo Ardoino, Bitfinex’s chief technology officer, suggested that expanding into these three countries is part of the firm’s efforts to promote digital asset-related financial services in Latin America. The launch announcement follows Bitfinex’s El Salvador arm receiving a digital asset service provider license from the country’s National Digital Asset Commission in April. The exchange also partnered with Chile-based crypto platform OrionX in May, aiming to support local education programs and financial literacy. P2P crypto exchange LocalBitcoins, which provided services to many residents of Latin America, shuttered its operations in February after more than 10 years. Paxful, another platform popular in the region, suspended operations in April but announced in May it was back online.

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