Bitfinex has launched peer-to-peer (P2P) services in Argentina, Colombia and Venezuela. The service will allow customers to buy and sell crypto directly to individuals while completing the payment process outside the platform. Bitfinex P2P will offer services for Bitcoin, Tether – USDt and EURt, Tether Gold, and Ether.
Paolo Ardoino, CTO of Bitfinex, said that by offering efficient P2P trading, they are providing convenience based on needs.
“We believe in the transformative power of Bitcoin and other digital assets, as well as the importance of providing greater access to innovative financial technologies worldwide.”
The process will also include a “public profile view” to display additional information on a counterparty to help mitigate risk.
Bitfinex said that a mobile version of Bitfinex P2P is scheduled to be launched later this year, along with additional features aimed at enhancing the customer experience.
Bitfinex is focusing on Latin America as a market opportunity to expand its services. Earlier this year, Bitfinex announced its investment in Chilean “crypto bank” OrionX ahead of the latter’s move to expand in Peru, Columbia, and Mexico.
Bitfinex is also operating in El Salvador, the world’s first country to adopt Bitcoin as legal tender officially. Bitfinex Securities became the first international digital asset platform to be licensed under El Salvador’s Digital Assets issuance law, allowing it to raise digital asset financing for a wide range of entities.
