Bitfinex, a digital asset exchange, has expanded its operations in Latin America by launching a peer-to-peer (P2P) trading platform in Venezuela, Argentina, and Colombia. The platform, called “Bitfinex P2P,” enables users in these countries to engage in the buying and selling of cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Tether (USDT), Tether’s euro-pegged stablecoin (EURT), and Tether Gold (XAUT). Paolo Ardoino, the chief technology officer of Bitfinex, stated that this expansion is part of the company’s efforts to promote digital asset-related financial services in Latin America.
This launch comes after Bitfinex obtained a digital asset service provider license from El Salvador’s National Digital Asset Commission in April. Furthermore, the exchange formed a partnership with Chile-based crypto platform OrionX in May, with the objective of supporting local education programs and financial literacy.
Earlier this year, P2P crypto exchange LocalBitcoins ceased its operations in February after more than a decade of serving many residents in Latin America. Similarly, Paxful, another popular platform in the region, temporarily suspended its services in April but later announced its return in May.