Bitfinex, a well-known digital asset trading platform, has recently unveiled its latest offering, Bitfinex P2P. This peer-to-peer platform is set to cater initially to markets in Venezuela, Argentina, and Colombia. It allows customers to directly trade various cryptocurrencies such as Bitcoin (BTC), Tether tokens (USDT and EURT), Tether Gold (XAUT), and Ethereum (ETH) while facilitating payments outside the Bitfinex platform. This exciting development was shared in a press release provided to CryptoSlate.
Bitfinex P2P introduces a seamless trading process that allows users to exchange one digital token for another within the marketplace. The procedure involves two stages, beginning with the ‘Maker’—the customer who initiates the trade—creating an ‘Ad’ on the ‘Ad Board’ to express their intention to trade a supported token. This Ad is then visible to other customers, known as ‘Takers,’ who can decide to engage in a trade based on the Maker’s specified conditions.
To ensure secure transactions, the ‘Bitfinex P2P Market Place’ incorporates a public profile view feature. This feature provides users with essential information about potential counterparties, including average payment time, trading volume, trade counts, and other relevant details. Armed with this information, users can make informed decisions before proceeding with a trade. Furthermore, Bitfinex plans to release a mobile version of Bitfinex P2P later this year, allowing customers to conveniently trade cryptocurrencies on the go.
The launch of Bitfinex P2P in Latin America is part of Bitfinex’s ongoing efforts to expand access to digital asset-related financial services in the region. Prior to this, the company had made investments in the Chilean crypto bank OrionX and established a significant presence in El Salvador, the first country to officially adopt Bitcoin as a legal tender.
Paolo Ardoino, the CTO of Bitfinex, expressed the company’s mission, stating, “By providing a reliable and efficient platform for P2P token trading, we aim to empower our customers and believe in the transformative power of digital assets.” The company’s strategy centers around delivering unparalleled support, tools, and innovation to professional traders and liquidity providers worldwide.
Bitfinex has introduced the Bitfinex P2P platform to enable direct token trading in Latin America. This initiative aims to expand access to digital asset trading and enhance the customer experience. By facilitating secure transactions and offering a mobile version in the near future, Bitfinex is making strides in its mission to empower customers and embrace the transformative potential of digital assets.