Binance P2P enforces measures against price manipulation in Venezuela

The platform emphasizes that this behavior not only violates its guidelines but also "negatively affects the trust and proper functioning of the entire P2P community" In a context of increasing exchange rate volatility in Venezuela, the cryptocurrency exchange platform Binance P2P has issued a strong statement announcing "sanctions" for those traders who artificially manipulate the prices of offers. This measure aims to counteract the inflation of parallel dollar prices, a factor that has led traders in Lara to adopt the euro as their reference currency.

The statement from Binance P2P details that repeated practices have been detected that "threaten the transparency and balance of the ecosystem." Specifically, the platform points out two critical points: Creation of advertisements with prices significantly higher than the market average, with the apparent goal of altering or manipulating price perception and misuse of filters to maliciously limit the majority of users, preventing them from making offers.