On October 11, 2023, Bitfinex, a leading digital asset trading platform, disclosed the initiation of a zero-fee trading facility for market takers on its Peer-to-Peer (P2P) platform in Argentina, Colombia, and Venezuela. This development follows the recent availability of the P2P trading service to clients within these geographies, further catalyzing the adoption of cryptocurrency trading in the region.
Bitfinex’s announcement underpins its commitment to fortifying the cryptocurrency trading ecosystem within these emerging markets. By abolishing the trading fees for market takers, individuals who execute buy or sell orders at prevailing market rates, the platform is propelling the advantage of real-time crypto-to-crypto settlements sans any financial encumbrances. This initiative is anticipated to spur trading activities by significantly reducing the cost of transactions, which traditionally acts as a barrier for many potential and existing cryptocurrency traders. The immediate financial relief is likely to enhance liquidity and foster a more robust trading environment on the Bitfinex P2P platform.
To avail of the zero-fee trading, users are required to log into their Bitfinex accounts and select the P2P option featured in the top navigation menu.
Established in 2012, Bitfinex has been at the forefront of digital token trading, extending a suite of advanced trading resources to both global traders and liquidity providers. The platform’s diverse offerings encompass peer-to-peer financing, an Over The Counter (OTC) market, and margin trading for a broad spectrum of digital tokens. With a strategic emphasis on delivering superior support, innovative tools, and a seamless trading experience, Bitfinex continues to garner a global clientele.
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