What if the centralized exchanges stop the buying and selling of crypto with cash on the p2p sector?

[Xtynehappy]

Some of the the world's most used centralized exchanges, are set to stop the direct p2p trading for cash come the end of March this year. What is your take on this?

 

[Suba]

As far as I know, the only crypto exchanges that have stopped p2p trading for cash are Binance and crypto exchanges that have been acquired by Binance, such as WazirX, Sakura and TokoCrypto. So you have to find an alternative solution such as a stablecoin, because the Binance exchange considers that large cash withdrawals will reduce liquidity.

 

[Stardom22]

We have so many centralised exchanges that does the P2P exchange for cash. I think there would be no chance for one to miss out on the trading services for that matter.

 

[Nomad]

If P2P is stopped on major centralized exchanges, a lot of people will be limited from investing in crypto because bank funding is not available in many countries

 

[kit_hung]

As far as I know, the only crypto exchanges that have stopped p2p trading for cash are Binance and crypto exchanges that have been acquired by Binance, such as WazirX, Sakura and TokoCrypto. So you have to find an alternative solution such as a stablecoin, because the Binance exchange considers that large cash withdrawals will reduce liquidity.

Bro it's true Binance and the exchanges they bought like WazirX and TokoCrypto have paused cash p2p. They say large withdrawals are destroying their liquidity. So people must look for alternatives like stablecoins.

This is not the end of the world there are still other options to trade without stress. If you are smart and know the market you can survive without cash p2p. The important thing is to know the game and don't be in a hurry to enter blindly.