Cryptocurrency exchange Bitfinex has launched a peer-to-peer (P2P) trading service in Argentina, Colombia, and Venezuela, aiming to tap into the growing digital asset market in Latin America. Users from these regions can now trade various cryptocurrencies, including bitcoin, ether, tether tokens linked to the euro and USD, and tether gold. They can also choose their preferred payment method and national currency. This move follows Bitfinex’s previous investment in Chilean crypto exchange OrionX. Tether, the company behind stablecoin USDT, is also showing interest in the Latin American market, having invested in a facility in Uruguay dedicated to energy production and sustainable bitcoin mining. In May, Tether launched the MXNT token, pegged to the Mexican peso, in the Latin American market. This expansion into Latin America by both Bitfinex and Tether reflects the increasing emphasis on this market. With cryptocurrencies gaining traction globally, exchanges are striving to meet the growing demand by expanding their geographical operations.
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