Argentinians are discovering the way in which liquidity providers in P2P markets earn significant amounts of money by arbitraging between various markets with cryptocurrency and fiat money.
Different companies have confirmed the growth reported by local sources. Maximiliano Hinz, Latam operations director of Binance, stated:The growth has been quite organic. Due to the nature of the business, we can say that our active users grew by 40% last month.Renata Rodríguez, marketing manager for Paxful Latam, stated in the same vein that new user registrations in Argentina increased more than 110% in the last year.
This is the case with Alex Vázquez, P2P operations manager of Okex, who stated:Also, these traders must have different payment methods to take advantage of the new spreads available depending on the markets involved. Local sources state that uncommon payment methods, including Payoneer and Paypal, might yield higher earnings when compared to others. This is because they are used by freelancers in the country seeking to obtain fiat and cryptocurrency paying with these platforms.