Bitfinex, a leading digital asset trading platform, is strengthening its commitment to financial inclusion in Latin America by introducing “Bitfinex P2P”, an innovative peer-to-peer platform focused on Venezuela, Argentina, and Colombia.
This platform lets users buy, sell, and swap cryptocurrencies like Bitcoin and Ethereum.
Bitfinex Explained
Bitfinex P2P offers a straightforward and customer-centric trading experience. Users create “Ads” indicating their intent to exchange supported tokens publicly visible on the Bitfinex P2P Ad Board. Other users, known as “Takers,” can then engage in trades based on the conditions specified by the user who proposed the trade.
The platform provides a public profile view that displays relevant information, including transaction statistics and average payment time, to ensure peace of mind when interacting with unfamiliar counterparties.
Impact on Latin America
This latest initiative from Bitfinex represents a continuation of its efforts to expand financial freedom in Latin America. The company’s investment in OrionX, a Chilean “crypto bank,” demonstrates its commitment to extending digital asset-related financial services to Peru, Colombia, and Mexico. Bitfinex has been actively involved in El Salvador, working alongside organizations like Mi Primer Bitcoin to promote financial education and support local business growth.
The company obtained a license under El Salvador’s Digital Assets issuance law, becoming the first international digital asset platform to do so. In November 2022, Bitfinex chose El Salvador as the launch location for its Bitfinex Freedom Manifesto, which emphasizes its dedication to leveraging technology to advance freedom, privacy, and financial inclusion worldwide.
Conclusion
Bitfinex’s strategy is to provide unparalleled support, innovative tools, and liquidity for professional traders worldwide.
In conjunction with its previous investments and collaborations, Bitfinex’s foray into the Latin American market through the Bitfinex P2P platform exemplifies its dedication to empowering individuals in the region by broadening their access to digital assets and fostering financial inclusion.
