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    Ad
    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|Edited by Rosie Perper
    Updated Jun 27, 2023, 3:44 p.m. Published Jun 27, 2023, 3:42 p.m.
    Ethereum bitcoin
    Ethereum bitcoin

    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.

    BitfinexSouth AmericaTetherpeer-to-peer
    Andrés Engler

    Andrés Engler is a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He follows the regional scene of startups, funds and corporations. His work has been featured in La Nación newspaper and Monocle magazine, among other media. He graduated from the Catholic University of Argentina. He holds BTC.

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    picture of Andrés Engler