{"id":75554,"date":"2026-07-17T20:48:38","date_gmt":"2026-07-17T20:48:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/how-venezuelas-binance-p2p-market-now-rivals-its-oil-exports\/"},"modified":"2026-07-17T20:48:38","modified_gmt":"2026-07-17T20:48:38","slug":"how-venezuelas-binance-p2p-market-now-rivals-its-oil-exports","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/how-venezuelas-binance-p2p-market-now-rivals-its-oil-exports\/","title":{"rendered":"How Venezuela&#8217;s Binance P2P Market Now Rivals Its Oil Exports"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Venezuelan Binance P2P volumes hit $1.4B in a month, proving crypto is a primary currency exchange channel.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">This massive USDT volume equaled 88% of central bank forex sales, exposing traditional market limitations.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Easing US sanctions will boost traditional forex sales, expected to lower future Binance trading volumes.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>USDT Trading Hits Record Levels In Venezuela<\/h2>\n<p>While Venezuela has been a pioneer in <span>cryptocurrency<\/span> and <span>stablecoin<\/span> adoption, recent reports indicate that <span>stablecoin<\/span> trading volumes, specifically for <span>USDT<\/span>, have grown exponentially over the last month.<\/p>\n<p>Alejandro Grisanti, Director and Founding Partner at Ecoanalitica, an economic consulting firm, announced that they had developed a new methodology to estimate the true size of Binance\u2019s national peer-to-peer (P2P) market, stressing that the findings were remarkable.<\/p>\n<p>According to Ecoanalitica\u2019s estimates, P2P trading volumes on Binance, Venezuela\u2019s most popular <span>crypto<\/span> platform, reached <span>USDT<\/span> 1.389 billion between June 11 and July 13, an average of nearly <a href=\"https:\/\/buy.bitcoin.com\/?utm_source=News\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">USDT<\/a> 44 million per day.<\/p>\n<p>Grisanti <a href=\"https:\/\/x.com\/agrisanti\/status\/2077755706963357791\" target=\"_blank\" rel=\"noopener noreferrer\">highlighted<\/a> that these numbers prove Binance <strong>\u201chas moved beyond being a niche market to become one of the country\u2019s primary channels for buying and selling currency, reflecting the ongoing limitations of the traditional foreign exchange market.\u201d<\/strong><\/p>\n<p>The volumes are relevant, as they represent 88% of all foreign currency sales executed by the central bank in June and 75% of the country\u2019s monthly total oil exports.<\/p>\n<p>In September, former Econalitica partner Adrubal Oliveros revealed that the Venezuelan forex market had pivoted toward the <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> system and <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> as the government faced crippling U.S. unilateral sanctions, taking advantage of the <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> payments received to settle oil sales.<\/p>\n<p>Nonetheless, after the <a href=\"https:\/\/news.bitcoin.com\/maduros-fall-turns-long-shot-polymarket-bets-into-overnight-wins\/\">capture<\/a> operation of Venezuelan leader Nicol\u00e1s Maduro was executed in January, the Trump Administration has been progressively lifting sanctions, prompting a mild recovery of the formal forex sales market where the Venezuelan government is the main provider.<\/p>\n<p>Grisanti highlighted that this is expected to change in the coming months, as the increase in dollar volumes offered by the central bank and reduced market segmentation should empower the traditional forex market again.<\/p>\n<p><strong>\u201cIf the exchange \u2018normalization\u2019 process that we have been observing continues, we expect that the volume traded on Binance will gradually decrease, not because the demand for currencies falls, but because a greater part of these operations can be carried out through traditional banking,\u201d<\/strong> he concluded.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/1-38-billion-in-one-month-how-venezuelas-binance-p2p-market-now-rivals-its-oil-exports\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Venezuelan Binance P2P volumes hit $1.4B in a month, proving crypto is a primary currency exchange channel. This massive USDT volume equaled 88% of central bank forex sales, exposing traditional market limitations. Easing US sanctions will boost traditional forex sales, expected to lower future Binance trading [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":75555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75554"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75554"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75554\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75555"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}