The launch news came after Bitfinex made expansion efforts through partnerships and licensing, respectively, into Chile and El Salvador.
Peer-to-peer (P2P) trading platforms have been made available in Venezuela, Argentina, and Colombia via the digital asset exchange Bitfinex.
The cryptocurrency exchange said on June 27 that it had launched the “Bitfinex P2P” platform, which enables users in South American countries to buy and sell Bitcoin, Ether, Tether, Tether’s euro-pegged stablecoin EURT, and Tether Gold (XAUT). According to Bitfinex’s chief technical officer Paolo Ardoino, the company’s expansion into the three nations is a part of its efforts to advance financial services relating to digital assets in Latin America.
The opening was announced after Bitfinex’s El Salvador branch was granted a license as a provider of digital asset services by the nation’s National Digital Asset Commission in April. In May, the exchange also joined together with Chile’s OrionX, a cryptocurrency platform, with the goal of promoting financial awareness and local education initiatives.
LocalBitcoins, a P2P cryptocurrency exchange that served many people in Latin America, ceased operations in February after operating for more than ten years. Another well-known platform in the area, Paxful, said in May that it had resumed operations after suspending operations in April.