Bitfinex Unveils Zero-Fee Trading for Latin America in Pricing War

<p>The digital asset trading platform Bitfinex has
announced zero-fee trading for market takers on its peer-to-peer (P2P) trading
platform in Argentina, Colombia, and Venezuela. This offering allows traders to
buy and sell their digital assets at the market price without incurring any
fees.</p><p>A Paradigm Shift in
Latin American Crypto Trading? </p><p>In a statement on its website, Bitfinex stated:
"Our P2P trading service, which has recently been made accessible to
customers in Argentina, Colombia, and Venezuela, now offers market takers the
advantage of immediate crypto-to-crypto settlements around the clock without
incurring any fees." </p><p>To take advantage of this offer, users must sign in
to their <a href="https://www.financemagnates.com/tag/bitfinex/" target="_blank" rel="follow">Bitfinex</a> accounts and select the P2P option in the navigation menu.
This process grants users immediate access to the platform's P2P services
without transaction fees, the <a href="https://www.financemagnates.com/terms/e/exchange/">exchange</a> explained.</p><p>Established in 2012, Bitfinex offers advanced
trading features and charting tools. Its services extend access to P2P
financing, an over-the-counter market, and margin trading for a wide range of
digital tokens.</p><p>Bitfinex Emulates Leading Crypto Exchanges</p><p>This latest zero-fee trading initiative occurs at a
time when crypto companies are rolling out similar offers to attract more
users. Last year, Binance.US, the American affiliate of <a href="https://www.financemagnates.com/tag/binance/" target="_blank" rel="follow">Binance</a>, announced
zero-fee trading for Bitcoin (BTC). This strategy was aimed at eliminating
trading charges for major <a href="https://www.financemagnates.com/terms/c/cryptocurrencies/">cryptocurrencies</a> in the future.</p><p>Similarly, Binance announced the introduction of
zero-fee trading for BTC/FDUSD and (<a href="https://www.financemagnates.com/tag/ether/" target="_blank" rel="follow">Ethereum</a>) ETH/FDUSD pairs on its platform
in August. The exchange said that this move reflected its commitment to
innovation and enhancing user experience. The offer began on August 4,
2023, at 08:00 UTC.</p><blockquote><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> adds <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> / <a href="https://twitter.com/search?q=%24FDUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FDUSD</a> and <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> / <a href="https://twitter.com/search?q=%24FDUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FDUSD</a> trading pairs and updates the zero-fee Bitcoin Trading Program.Find out more ⤵️<a href="https://t.co/g6Elnd77d9">https://t.co/g6Elnd77d9</a></p>— Binance (@binance) <a href="https://twitter.com/binance/status/1686951733803769856?ref_src=twsrc%5Etfw">August 3, 2023</a></blockquote><p>Binance's offering
extended the zero-fee trading support to the First Digital USD (FUSD), allowing users to trade this stablecoin against both BTC and ETH.
In addition to this support, Binance introduced zero-fee trading for the
BTC/FDUSD and ETH/FDUSD pairs in both spot and margin trading.</p>

This article was written by Jared Kirui at www.financemagnates.com.