The P2P spread widened to Bs. 12,04 per $USDT, and very few people are taking the time to read it carefully. 🧐
Today, Thursday, October 29, the market on Binance opens like this: buying USDT costs you Bs. 1.011,30, and selling it gets you Bs. 999,26. There’s a difference of Bs. 12,04 between those two numbers, or 1,20% of the price. It’s not a minor detail: it’s the real cost of entering and exiting the market on the same day.
📌 THE PREMIUM THAT RULES
Compared with the BCV, which today stands at Bs. 888,89, the P2P market premium is 13,77%. That’s the number that really matters when someone tells you “the dollar is at such-and-such a rate.” The official rate and the P2P rate are not the same, and confusing them is the costliest mistake I see in my chats every day.