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Binance announces P2P platform for buying bitcoin with reais

Cryptocurrency

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Binance, the world's largest cryptocurrency exchange, launches on Wednesday (18) a P2P (point-to-point) trading system for Latin America, with five currencies from the continent, including the Real (BRL) and Argentine Peso (ARS) )

Users can now buy and sell BTC, ETH, USDT, BNB and BUSD directly using these five currencies, which also includes Mexican Peso (MXN), Colombian Peso (COP) and Peruvian Sol (PEN). According to the company's statement, fees for transactions on the P2P platform will be zero.

The integration allows users to choose vendors and payment methods for their operations and transfer cryptocurrency assets to any Binance wallet for free.

"Latin America is one of the most active regions for cryptocurrency trading, and peer-to-peer commerce is widely used in the Latin American community," said Changpeng Zhao (CZ), CEO of Binance, in the press release.

The platform, which launched in October 2019, promises to ensure that all cryptocurrencies are delivered to users' wallets. With Binance's P2P platform, users can also access various services, such as spot, margin and futures, in addition to loans directly from Binance.

According to the company, in the first two weeks of March 2020, Binance recorded an increase of more than $ 140 million in P2P negotiations. The reason would be the moment of uncertainty in the global economy.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.