Cryptocurrency

Binance enables P2P to five coins fiduciary of Latin america

Key facts:

Conversions with the currencies of Argentina, Brazil, Colombia, Peru and Mexico are already available.From this 18 of march, users can buy and sell BTC, ETH, USDT, BNB and BUSD.Operators Argentina, Brazil, Colombia, Peru, and Mexico can now purchase bitcoin, ether, binance coin, tether and Binance USD with currencies fiduciary of their countries through the platform P2P or trading between pairs of Binance. The exchanges with the argentine peso, mexican, colombian, the soles of Peru or the real of Brazil are active from Wednesday 18 march.Binance reported that the operations within the platform, P2P will have zero transaction fee. In addition, as well as other services peer-to-peer that already work in Latin america, the integration allows the users to choose directly to the merchants and select the payment method that best suits their needs.To Changpeng Zhao (CZ), CEO of Binance, the market cryptocurrencies in Latin america continues to expand, an opportunity for new business models in the region.”Latin america is one of the regions more active for the trading of cryptocurrencies, and the trade peer-to-peer is widely used in the Latin american community. In order to better meet the great demand of cryptocurrencies of our users, we are offering an open market with the best trading experience to use P2P,” said the executive through a statement sent to Breaking News.The company made mention of the current global economic uncertainty and of how they have reacted to the markets on a global scale. On this point the company stressed that, during the first two weeks of march of this year, an increase of $ 100 million in operations between pairs on its platform, which speaks of the cryptocurrencies “remain an active favourable with a great potential use in spite of its price volatility”.The platform P2P Binance with coins fiduciary of Latin america is not the only one that serves the region. Latin americans also have operations in retail P2P like Localbitcoins, Localcryptos, Paxful, LocalCoinSwap, Cryptoway and Bisq, among others. The model between pairs of Binance came into operation in October 2019.With the start-up of operations P2P with Latin american currencies, Binance would be betting on the region and expanding the marketing options for the users of these five countries.In a recent interview with Breaking News, Josh Goodbody, director of Business Growth and Institutional Binance for Latin America, pointed out that each country has a different reality, but that the company will continue to expand its presence in the Latin market.”We understand that every country requires an approach and different requirements, but as the markets of cryptocurrencies mature, Binance extended its presence in the region to expand even more,” said Goodbody.