The Latin market is one of the largest when it comes to bitcoin and other crypto assets. However, despite the size and potential of this market, few people have access to cryptocurrencies. In view of this, the exchange CoinEx decided to form a strategic alliance with Paxful, the renowned peer-to-peer (P2P) platform, to provide Spanish-speakers with more alternatives when buying or selling digital currencies.
By allowing its users to acquire crypto assets with national currency, CoinEx aims to contribute to the development of the crypto market in the region. Its objective is that a greater number of Spanish-speaking people have access to cryptocurrencies quickly and without complications.
More opportunities for bitcoin trading in Latin America
In April of this year, CoinEx , the global cryptocurrency exchange, announced a new strategic partnership with Paxful , one of the main leaders in the peer-to-peer (P2P) market. In this way, the company wishes to support the exchange of crypto for national currency in Latin America.
This partnership offers multiple advantages to the exchange’s Spanish-speaking clients. One of the most outstanding is that now they will be able to buy bitcoin directly with Argentine pesos (ARS), Colombian pesos (COP), Mexican pesos (MXN), Chilean pesos (CLP), Peruvian soles (PEN) and Brazilian reals (BRL) , all through the Paxful platform.
Haipo Yang, the founder and CEO of CoinEx , commented:
“Latin America is one of the largest cryptocurrency markets in the world, but today many people do not have easy access to bank accounts, which is a determining factor in the adoption of cryptocurrencies. Paxful offers users a variety of ways to buy cryptocurrencies, this strategic partnership makes the purchase of crypto more convenient and accessible for Spanish-speaking users. ”
In turn, Jean Ng, VP of Growth at Paxful , expressed that the company was very happy about its recent alliance with CoinEx, and that this partnership would allow them to reach a wider audience and bring all the benefits of cryptocurrencies to more people.
Without a doubt, this collaboration represents another step towards the internationalization of CoinEx, which is now available in Spanish. The exchange strives to constantly improve its customer service and offer effective solutions to the problems of the local crypto market . Later, further improvements and more benefits are expected from this exchange for its Spanish-speaking customers.
About CoinEx and Paxful
CoinEx is a cryptocurrency exchange platform that was founded in 2017, and its headquarters are located in Hong Kong. It is an exchange with global reach that currently provides its services in more than one hundred countries , including many in Latin America. It belongs to Grupo ViaBTC, a company that owns the fifth largest Bitcoin mining pool in the world. Some of its financial services include perpetual contracts, derivatives, and spot or spot trading.
As for Paxful, it is a peer-to-peer Fintech. This means that users trade directly with each other for the exchange of cryptocurrencies. The platform was founded in 2015 by Ray Youssef and Artur Schaback with the aim of allowing everyone to have access to quality financial services . Since then, Paxful already has more than 5 million customers, who can buy and sell bitcoin with almost 400 different payment methods.
In order to celebrate the alliance between CoinEx and Paxful , the companies have announced the launch of a new promotion. Between April 16 and 23, 2021, all those users who have registered as of April 1 and make a deposit in CoinEx through Paxful, will receive an Airdrop of 10 USD in CET . In total, 10 thousand USD in CET will be given to customers who meet the requirements of this promotion.