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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.

Updated Jun 27, 2023, 3:44 p.m. Published Jun 27, 2023, 3:42 p.m.
(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 , ether , tether tokens denominated in euros (EURT) and US dollars , and pegged to the price of gold. Customers can use a payment method and domestic currency of choice, the company added.

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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.

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The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.

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  • French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
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  • The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.