Binance P2P Introduces 5 New Fiat Currencies in Latin America
Cryptocurrency trading platform Binance has rolled out peer-to-peer (P2P) crypto trading with 5 new fiat currencies in Latin America.
From now on, Binance P2P trading platform provides its users the possibility to purchase and sell crypto assets with some of the Latin American countries’ fiat currencies; Brazilian real, Argentine peso, Colombian and Mexican pesos and Peruvian sol.
Among the supported crypto coins are BTC, ETH, USDT, BNB as well as BUSD. There is no transaction fee and the cryptocurrency exchange uses an escrow service to protect user funds.
Changpeng Zhao, CEO of Binance, noted that in nowadays indefinite global economic situation, in spite of their price volatility crypto assets have become quite friendly.
He mentioned: “For the massive unbanked population in Latin America, cryptocurrency is a more promising financial asset, and we are glad to directly provide the financial access and service for them,” adding that crypto coins and P2P trading is well established in Latin America.
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