Binance Launches p2p Trading Service in Latin America with 5 Fiat Currencies
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March 19, 2020

Binance, one of the largest crypto exchanges in the world, has just launched its p2p trading service in Latin America, allowing its users to trade with 5 local fiat currencies.

From now on, Latin American users can access the exchange's p2p trading service and buy and sell cryptos directly with the Brazilian real (BRL), the Argentine peso (ARS), the Colombian peso (COP), the Mexican peso (MXN) and the Peruvian sol (PEN).

The cryptocurrencies that can be bought and sold with these fiat currencies without any fee are Bitcoin, Ethereum, Tether, Binance Coin and Binance USD.

In addition, all transactions are protected with a security deposit service, so users do not need to worry about their funds since they safe at all times.

Binance CEO Changpeng Zhao said Latin America is one of the most active regions in the world regarding crypto trading:

"Amidst the current global economic uncertainty, cryptocurrency is still a favorable asset with great potential use despite its price volatility. This has been illustrated by the recent increasing purchase on our P2P platform. 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."

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