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Finance

Bitfinex Launches Peer-to-Peer Trading Platform in Argentina, Colombia and Venezuela

Users will be able to buy and sell bitcoin, ether, USDT, EURT and XAUT.

By Andrés Engler
AccessTimeIconJun 27, 2023 at 3:42 p.m. UTC
Updated Jun 27, 2023 at 3:44 p.m. UTC
(Thought Catalog/Unsplash)
(Thought Catalog/Unsplash)

Crypto exchange Bitfinex launched a peer-to-peer trading platform in Argentina, Colombia and Venezuela, the company announced on Tuesday.

According to Bitfinex, users are now able to buy and sell bitcoin (BTC), ether (ETH), tether tokens denominated in euros (EURT) and US dollars (USDT), and Tether gold (XAUT) pegged to the price of gold. Customers can use a payment method and domestic currency of choice, the company added.

In May, Bitfinex made an undisclosed investment in Chilean crypto exchange OrionX with the aim of expanding its footprint in Latin America, while Tether – the issuer of stablecoin USDT – invested in an energy production and sustainable bitcoin mining facility in Uruguay.

In May 2022, Tether had launched its MXNT token pegged to Mexico's peso, in what had been its first move into the Latin American market.

Edited by Rosie Perper.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Andrés Engler
Andrés Engler

Andrés Engler was a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.

Follow @andresengler on Twitter