Bitfinex launches peer-to-peer exchange in Argentina, Colombia and Venezuela

By MK Manoylov • Edited by Nathan Crooks
Business•June 27, 2023, 11:46AM EDT
UPDATED: June 29, 2023, 12:51PM EDT
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Bitfinex launches peer-to-peer exchange in Argentina, Colombia and Venezuela

Quick Take

  • Bitfinex has launched a peer-to-peer exchange for users in Argentina, Colombia and Venezuela. 
  • The move could help fill a void left by the closures of P2P crypto exchanges including LocalBitcoin earlier this year.

Bitfinex has launched a peer-to-peer exchange servicing clients in Argentina, Venezuela and Colombia, the company said in a statement.

Users can buy and sell bitcoin, ether, USDT, EURT and Tether Gold. 

“By offering a reliable and efficient platform for P2P token trading, we are empowering our customers to engage with the marketplace in a way that affords maximum convenience based on their needs and preferences," Bitfinex CTO Paolo Ardoino said in the statement.

The move could help fill a hole left by the closures of P2P exchanges including LocalBitcoin in February. Paxful continues to operate in Colombia and Argentina, after a pause in service earlier in the year.

(Corrects story to show that Paxful resumed services in Colombia and Argentina after pausing earlier in the year.)