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<p class="is-style-lead">Bitfinex announced the commencement of a peer-to-peer trading platform in Argentina, Colombia, and Venezuela, in an effort to cater to the growing market for digital assets in Latin America.</p> 
<p><a href="https://crypto.news/bitfinex-receives-el-salvadors-first-digital-asset-license/" data-type="URL" data-id="https://crypto.news/bitfinex-receives-el-salvadors-first-digital-asset-license/" target="_blank" rel="noreferrer noopener">Bitfinex</a>, a global cryptocurrency exchange, has initiated a peer-to-peer (P2P) trading service in Argentina, Colombia, and Venezuela.</p> 
<p>As per the company’s statement, users from these regions now have the ability to trade in various <a href="https://crypto.news/market-cap/" data-type="URL" data-id="https://crypto.news/market-cap/" target="_blank" rel="noreferrer noopener">cryptocurrencies</a>, including bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>), ether (<a href="https://crypto.news/price/ethereum/">ETH</a>), tether tokens linked to the euro (EURT) and USD (USDT), and tether gold (XAUT), which mirrors the price of gold. </p> 
<p>The firm further stipulated that consumers can opt for their preferred payment method and national currency for transactions.</p> 
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   <p lang="en" dir="ltr">Something BIG is happening! <a href="https://twitter.com/hashtag/BitfinexP2P?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BitfinexP2P</a> is redefining P2P trading, driving economic growth, and promoting financial inclusivity in LATAM. 🚀<br><br>Learn more: <a href="https://t.co/xHloxLnbTh" target="_blank">https://t.co/xHloxLnbTh</a> <a href="https://t.co/gw2Y9X4CfP" target="_blank">pic.twitter.com/gw2Y9X4CfP</a></p>— Bitfinex (@bitfinex) <a href="https://twitter.com/bitfinex/status/1673708503788138497?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 27, 2023</a>
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<p>Bitfinex has been proactive in broadening its operations in Latin America. In May, the crypto exchange didn’t disclose the details but confirmed an investment in OrionX, a Chilean crypto exchange. This move is perceived as part of Bitfinex’s strategy to increase its presence in the Latin American region.</p> 
<p> You might also like: <a href="https://crypto.news/bitcoin-briefly-rallies-to-57000-after-a-glitch-on-bitfinex/"> Bitcoin briefly rallies to $57,000 after a “glitch” on Bitfinex </a> </p> 
<p>Tether, the entity responsible for issuing the stablecoin USDT, has also shown interest in Latin America. It invested in a facility in Uruguay dedicated to energy production and sustainable <a href="https://crypto.news/tether-to-start-bitcoin-mining-in-uruguay-tradecurve-a-defi-platform-will-be-available-globally/" data-type="URL" data-id="https://crypto.news/tether-to-start-bitcoin-mining-in-uruguay-tradecurve-a-defi-platform-will-be-available-globally/">bitcoin mining</a>. This marks another significant stride towards expansion in the Latin American market.</p> 
<p>Previously, in May 2022, Tether had made its debut in the Latin American market by launching the MXNT token. This token was unique as it was pegged to the Mexican peso. </p> 
<p>The initiation of this token, coupled with recent developments, underlines the increasing emphasis Bitfinex and Tether are placing on the Latin American market.</p> 
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<p>This information comes at a time when cryptocurrencies are gaining <a href="https://crypto.news/global-regulators-scrutinizing-binance-bitcoin-breaks-above-31000-on-rising-institutional-adoption-weekly-recap/" data-type="URL" data-id="https://crypto.news/global-regulators-scrutinizing-binance-bitcoin-breaks-above-31000-on-rising-institutional-adoption-weekly-recap/">traction globally</a>, with exchanges seeking to cater to the increasing demand by expanding their operations geographically. </p> 
<p> Read more: <a href="https://crypto.news/el-salvador-and-tether-work-together-to-create-volcano-energy-bitcoin-mining-center/"> El Salvador and Tether work together to create ‘Volcano Energy’ bitcoin mining center </a> </p>

Bitfinex initiates P2P trading service in Argentina, Colombia, and Venezuela

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