In Argentina, Colombia, and Venezuela, Bitfinex has launched zero-fee trading for market participants on its peer-to-peer (P2P) network.
The project will last until December 31 and intends to assist the region’s expanding demand for crypto trade and adoption. Users can trade cryptocurrencies directly with one another on Bitfinex’s P2P platform, commonly known as Bitfinex Peer-to-Peer Trading or Bitfinex P2P, without using middlemen or third-party custody.
Using several payment options, including bank transfers, cash, or mobile payments, users can make their offers or accept those already made. The network accepts several fiat currencies, including numerous cryptocurrencies and the Argentine peso (ARS), Colombian peso (COP), and Venezuelan bolivar (VES).
On its P2P network, Bitfinex offers zero-fee trading for market takers to give users more incentives and possibilities to trade cryptocurrency swiftly, safely, and easily.
Individuals who accept offers already made on the site are known as market takers, while individuals who make fresh requests are known as market makers.
Market producers are often exempt from fees, while market takers typically pay a fee of 0.1% of the trade value. Both groups can trade without paying any fees under the new plan through the end of the year. Bitfinex’s CTO, Paolo Ardoino, stated:
“We are delighted to introduce zero-fee trading for market takers on our P2P platform in Argentina, Colombia and Venezuela. These are some of the world’s most vibrant and dynamic crypto markets, where we see a huge potential for growth and innovation. By eliminating the trading fees for market takers, we hope to attract more users and liquidity to our platform and foster a more inclusive and accessible crypto ecosystem in Latin America.”
Bitfinex is a platform for trading digital assets that provide traders and international liquidity providers cutting-edge services. One of the first established professional platforms to support the exploding demand for cryptocurrency trading was Bitfinex, which was established in 2012.
Since then, it has developed into one of the market’s most reputable and trustworthy platforms, providing a range of features and tools for novice and experienced traders.
