P2P Platforms Gain Traction in Asia Amid Cryptocurrency Market Turbulence
Wilmington, Delaware, United States, 26th Aug 2023, King NewsWire – The cryptocurrency market has faced a number of challenges in 2023, following a turbulent year in 2022. The collapse of TerraUSD and Luna, and ongoing investigations into FTX, have shaken investor confidence.
However, in some parts of Asia, P2P (peer-to-peer) platforms are gaining traction as a more secure and convenient way to buy and sell cryptocurrencies.
In the Philippines, for example, P2P platforms are being used by overseas workers to remit money to their families back home. These platforms offer lower fees and more competitive exchange rates than banks, making them a more attractive option for many people.
P2P platforms are also gaining popularity in Korea and Japan. In these countries, there is a growing interest in cryptocurrencies as a way to invest and diversify portfolios. P2P platforms offer a more accessible way to buy and sell cryptocurrencies, without the need to open an account with a cryptocurrency exchange.
Harris, the CMO of Excoinz, a P2P platform that is popular in Asia, says that the advantage of P2P platforms is that they do not have any customer funding. This makes them less vulnerable to fraud, as there is no risk of embezzlement of company funds.
He believes that the number of users of P2P platforms will continue to grow in Asia in the coming years. “As people become more familiar with cryptocurrencies, they will be looking for more secure and convenient ways to buy and sell them,” he said. “P2P platforms offer a good solution for this.”
Organization: Excoinz Inc.
Contact Person: Wade Berry
Email: [email protected]
Contact Number: 13026659899
Address: 14 Wilmington, DE
Country: United States
Release Id: 2608235805