The P2P radar recorded a USDT buy price of Bs. 1.017,34 and a sell price of Bs. 971,84 on November 1 at 04:00. The difference between these two extremes—Bs. 45,50, equivalent to 4,68%—and the 14,36% premium over the BCV dollar, set at Bs. 889,58, point to a day of moderate caution: the P2P traffic light was yellow, at 69 out of 100 points.
📊 The hard data
• USDT P2P: buy Bs. 1.017,34 / sell Bs. 971,84
• Absolute spread: Bs. 45,50 | Percentage spread: 4,68%
• BCV dollar: Bs. 889,58 | Premium over BCV: 14,36%
• Parallel-market dollar (Binance P2P reference): Bs. 984,17
• P2P traffic light: yellow, 69/100
• Order book: best bid Bs. 982, best ask Bs. 1.000, end-to-end spread of 1,8%, midpoint Bs. 991
• Depth: 212.874 USDT on the buy side and 225.554 USDT on the sell side
• By bank: Banesco 991,27/977,25 (1,44%); Banco de Venezuela 984,00/981,66 (0,24%); BNC 983,70/979,75 (0,40%); Mercantil 984,28/978,60 (0,58%); Pago Móvil 1.011,28/978,60 (3,34%)
• Exchange gap: 5,83% between Binance (Bs. 984,20) and OKX (Bs. 1.041,62)
🔍 Market analysis
The radar spread (4,68%) is much wider than the order book spread (1,8%) because the radar aggregates offers from different exchanges and payment methods. There is liquidity—more than 200.000 USDT on each side—but trading comes at a cost: the traffic light stays positive thanks to liquidity, bank availability, and exchange health, while the spread and depth weigh it down. And the price varies by bank: the difference between the average rate at Banesco and Banco de Venezuela is Bs. 7,27 per USDT; on 1.000 USDT, that amounts to Bs. 7.270. The gap between exchanges isn’t free money: moving funds between platforms involves delays, fees, and verification.
📰 Context
The trading day is unfolding in a market with more channels for moving bolívares into the digital space and a focus on custody, following the Binance hack reported by the BBC on October 30, which affected US$ 6.300 million in digital assets. None of these events alone changes today’s spread, but they all point to the same thing: more reasons to compare prices and payment methods before trading.
Are you seeing the same price differences between banks in your trades today?
Educational content. Not financial advice: the crypto market is volatile, and everyone makes decisions based on their own circumstances.