Binance announces the launch of P2P trading for Latin America

The technique will be based on the correlation between the Brazilian real, the Argentine, Mexican and Colombian peso as well as the Peruvian sol

Global cryptoexchange Binance announced the launch of peer-to-peer (P2P) trading for Latin America, based on the correlation between the Brazilian real (BRL), the Argentine peso (ARS), the Mexican peso (MXN), and the Colombian peso ( COP) plus the Peruvian sol (PEN).

The intention is to allow platform users to choose merchants and payment methods for their trades and transfer cryptocurrency assets to any Binance wallet for free.

The information was disseminated through a statement where the company specifies the immediate availability of customers in the direct purchase and sale of BTC, ETH, USDT, BNB and BUSD using the five Latin American currencies with zero transaction fees on the Binance P2P platform.

For Changpeng Zhao, CEO of Binance, “Latin America is one of the most active regions for cryptocurrency trading and peer-to-peer trading is widely used in the Latin American community. To better serve the high demand for cryptocurrencies from our users, we are offering an open market with the best P2P trading experience.

“It should be noted that the initiative also offers benefits in accessing various financial services, including spot, margin and futures trading, as well as loans directly on


Source: cointelegraph

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