Argentinians are learning a way to make a lot of money by arbitraging their savings (in the form of crypto assets and foreign currency) between multiple peer-to-peer (P2P) markets. According to sources, depending on the availability of certain payment methods and the capabilities of the P2P cashier, this course of action may potentially quintuple the monthly savings of some Argentinian investors.
These human exchangers can buy cryptocurrency in low-cost marketplaces and subsequently sell it in higher-demand (and higher-priced) international markets. Although, this isn’t guaranteed as P2P cashiers must manage a variety of payment methods and accounts in order to provide their consumers with exciting alternatives and have large spreads over several exchanges.
Argentinian P2P marketplaces
P2P marketplaces are managed by many exchanges in Argentina, which operate as platforms to connect individuals who want to swap cryptocurrencies for fiat currency. Binance, Airtm, Paxful, Okex, and Localbitcoins are just a few of them.
Binance’s Latam operations director, Maximiliano Hinz, noted, “The growth has been pretty organic. Our active users increased by 40% last month due to the nature of the business.”
In the same line, Paxful Latam marketing manager Renata Rodrguez noted that new user registrations in Argentina climbed by more than 110 percent in the previous year.
Other firms have also noticed a significant rise in the activity of P2P markets. Depending on the markets involved, these traders may need to use different payment methods to take advantage of the new spreads offered.
Amazon gift cards are frequently acquired at a 25% discount and afterwards resold at face value in other marketplaces. Volatility in crypto markets, on the other hand, is a major worry for P2P cashiers who prefer to trade stablecoins like USDT and others.
 markets.){kind=link}