Binance, one of the leading cryptocurrency exchanges, has announced the addition of Worldcoin (WLD) trading pairs on its peer-to-peer (P2P) platform. This new feature enables users to trade WLD against several Latin American (LATAM) fiat currencies, according to Binance.

New Trading Pairs

The supported LATAM fiat currencies include Argentine Peso (ARS), Brazilian Real (BRL), Chilean Peso (CLP), Colombian Peso (COP), Costa Rican Colón (CRC), Dominican Peso (DOP), Guatemalan Quetzal (GTQ), Honduran Lempira (HNL), Mexican Peso (MXN), Nicaraguan Córdoba (NIO), Panamanian Balboa (PAB), Peruvian Sol (PEN), and Paraguayan Guarani (PYG). With this update, Binance P2P users can directly buy and sell WLD using these local currencies and various local payment methods.

Implications for LATAM Users

This strategic move is expected to enhance the accessibility of Worldcoin for users in the LATAM region, providing them with more options to trade cryptocurrencies in their local currencies. Binance’s expansion into regional fiat currencies demonstrates its commitment to catering to the diverse needs of its global user base.

Disclaimer and Risks

Binance has issued a disclaimer noting the potential volatility of digital asset prices. Users are advised that fluctuations in the value of digital assets may affect the value of their investments. Binance also stated that it is not liable for any losses incurred through the use of its P2P platform, as users trade digital assets directly with other users. The exchange facilitates transactions by releasing the digital assets once the offline fiat currency exchange is confirmed by both parties.

For more information, users can refer to the official announcement on Binance’s website.

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