Binance Peer-to-Peer (P2P) Trading Now Available on the Web

Siamak Masnavi

On Friday (February 28), Binance announced that its peer-to-peer (P2P) trading platform is now available on the web.

Binance's P2P platform allows users to buy/sell cryptoassets -- currently, BTC, ETH, BNB, BUSD, and USDT -- directly from/to other users on the platform with zero transaction fees. 

This platform was first launched in October 2019 on Binance's mobile apps. Since then, it has "processed over $300 million in trades, attracting users and merchants worldwide."

Here is what the user interface looks like:

Binance P2P trading .jpg

Binance Co-Founder and CEO Changpeng Zhao (aka "CZ") had this to say:

"P2P trading is a more flexible model for fiat-to-crypto trading and allows users to choose their preferred cryptocurrencies, amount, and payment methods.

"We see its potential to accelerate crypto access and adoption in a decentralized way. By the end of 2020, we plan to provide Binance P2P trading services to users in over 30 countries."

Featured Image and Screenshot Courtesy of Binance