p2p | ForkLog - Part 3

ForkLog 15 08.05.2024

LocalMonero Exchange Announces Closure

The team behind the P2P exchange LocalMonero has decided to shut down the platform after nearly seven years of operation. Hey everyone, After almost 7 years of operation, we have made the difficult decision to close our platform. The winding-down process begins today, and finishes 6 months from now. Our support will be available for […]

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ForkLog 1 04.04.2024

Binance Resolves Issue with Automatic Cancellation of P2P Orders

On April 4, users of the cryptocurrency exchange Binance in Ukraine reported difficulties in executing P2P transactions in the local market. When creating an order to sell USDT for hryvnias, the system automatically cancelled it. The issue persisted for several hours. Screenshot of P2P transaction participants’ conversation. Source: Binance. Shortly after notification from ForkLog, Binance’s […]

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ForkLog 9 21.02.2024

CommEX Faces Temporary Issues with Ruble Gateway

On February 21, the cryptocurrency exchange CommEX reported encountering temporary difficulties in withdrawing rubles through its fiat channel. “Withdrawals to cards are operational, but the conversion rate is not very high,” platform representatives clarified in a comment to ForkLog. They also stated that the current situation is unrelated to the suspension of withdrawals at QIWI […]

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ForkLog 11 30.01.2024

Anton Toroptsev: CommEX Clients Show Interest in P2P Deals and Simple Futures

As of the end of January 2024, the monthly spot trading volume on the cryptocurrency exchange CommEX reached 185 million USDT, while futures trading hit 500 million USDT, according to Anton Toroptsev, the regional director of the platform in Russia and the CIS, speaking to ForkLog. One of the popular segments has been the Simple […]

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ForkLog 8 25.01.2024

CommEX Opens P2P Ad Posting to All Users

As of January 25, the cryptocurrency exchange CommEX has allowed all users to post advertisements on its P2P marketplace, representatives of the platform informed ForkLog. Previously, this feature was available only to merchants with a high trading volume. Other clients could only search for suitable ads and purchase cryptocurrencies. To ensure the security of P2P […]

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ForkLog 30 24.01.2024

LocalCoinSwap Withdraws from Russian and Venezuelan Markets

On January 22, clients of the P2P platform LocalCoinSwap in Russia and Venezuela received letters announcing the company’s withdrawal from these jurisdictions. The information was confirmed in the official Telegram chat. The exchange attributed its decision to “recent changes in the regulatory sphere” in these regions. Source: Screenshot of the letter. LocalCoinSwap announced a complete […]

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ForkLog 23 23.01.2024

Kazakh Court Convicts P2P Traders as Accomplices in Phone Scam

On December 19, 2023, the Almaty District Court sentenced two organizers of P2P transactions to prison terms, deeming them participants in a fraudulent scheme, according to the legal agency Cartesius. The investigation into the defendants began a year and a half ago. According to the case materials, two individuals conducted P2P transactions for cash through […]

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ForkLog 6 14.12.2023

Trading Smart: A Review of SmartSwap, the P2P Service

Following Binance's exit from Russia, one of the alternatives for Russian users became the SmartSwap service. We discuss platform features and test crypto-to-fiat exchanges via smart contracts.

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ForkLog 17 11.12.2023

Binance P2P platform to halt ruble trading

From 31 January 2024, the Binance P2P platform will stop supporting ruble-denominated trading pairs.

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ForkLog 18 30.11.2023

Kazakh resident suspected of illegal P2P trading

In the Karaganda region, the activities of a citizen involved in selling cryptocurrencies on an unnamed crypto exchange have been halted.

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ForkLog 7 23.11.2023

CommEX’s P2P trading volume reaches 90 million rubles

Less than two months after CommEX's launch, the daily P2P trading volume on the exchange reached 90 million rubles.

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ForkLog 7 27.09.2023

No CEX: A guide to alternative crypto-exchange services

Binance, OKX and Bybit removed from P2P platforms banks Sber, Tinkoff and Alfa. We discuss alternative platforms where you can exchange crypto assets for fiat without restrictions.

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