Cryptocurrencies are extremely useful tools for Venezuelans to save their purchasing power and Binance is currently the most popular exchange in the country due to its robust peer-to-peer market.
To the surprise of many, Binance became a trending topic in Venezuela this Friday, with more than 200k tweets directed to several topics including the use of this popular exchange and its services in the country.
The fact of Binance becoming a trending topic in Venezuela is even more important due to the myriad of problems and situations that occupy the interest of Venezuelans each day.
While is true that Venezuela is one of the countries with more crypto penetration, cryptocurrency is still a niche for a group of users that have known them for a long time.
Binance has existed as a cryptocurrency exchange since 2017, and it has allowed Venezuelans to do trading in its platform since its launch with no restrictions whatsoever.
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The firm’s analysts cited various issues with the cryptocurrency, such as environmental problems, “lack of real use,” and competition from other …