NOW IT IS KNOWN WHAT HAPPENED WITH BINANCE P2P SPECULATORS 🇻🇪

Venezuela's cryptocurrency market experienced a highly tense day this Friday, after the price of Tether (USDT) showed significant volatility on P2P (person-to-person) exchange platforms. Within hours, the exchange rate dropped from a peak near 780 bolívares to stabilize around 580 bolívares, creating uncertainty among users and merchants who use this stablecoin as a store of value.

In response to this unusual behavior, Binance, one of the most widely used platforms in the country for peer-to-peer crypto transactions, announced the implementation of temporary price limits on its P2P market. The measure was communicated through its official Telegram channel:

"During periods of high volatility, Binance may apply temporary price limits as a risk control measure to prevent abusive behavior and unfair trading outcomes," the company stated.

The firm clarified that prices on its P2P platform are determined by user supply and demand, but that it may intervene in extreme circumstances to protect market integrity. Although specific ranges and duration of the limits were not disclosed, the decision follows atypical movements observed in Venezuela, where USDT has become a key tool for daily transactions, savings, and protection against inflation.

According to data published on Binance Square, on January 2nd the USDT reference rate was 572.15 bolívares, but in recent days some buy offers exceeded 900 bolívares before dropping sharply. The volatility coincided with rumors and political tensions that impacted perceptions of risk in the local market. #P2PVenezuela