The Latin American division of the exchange announced yesterday it is listing the bolivar on its P2P platform:
¡Comenzó el trading P2P en Bolívares Venezolanos🇻🇪 directamente en @Binance! Ahora puedes comprar y vender criptomonedas con Bolívares... ¡SIN COMISIÓN!— Binance Spanish (@Binance_Spanish) April 16, 2020
Tienes todo en un solo lugar 😉 pic.twitter.com/TbGgkOlrfO
P2P trading in Venezuelan Bolivars is now available directly at @Binance! Now you can buy and sell cryptocurrencies with Bolivars... NO FEES!
Everything in one place
Per the announcement, this fiat currency can now be traded in pairs with BTC, USDT, ETH, BNB, BUSD and EOS, without charging any fee.
From now on, exchange users can search for local p2p traders who have a large amount of cryptocurrencies and exchange them for bolivars.
According to the exchange, it does not request any kind of security deposit or charge any fee for the transactions.
Due to the terrible economic situation the country is going through, the currency is very devalued. Thus, $1 is equivalent to 121,653 bolivars.
After the addition of the Venezuelan bolivar, the country has joined Colombia, Peru, Mexico and Argentina, whose currencies were already available on the platform.
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