Nicolas Maduro, the president of Venezuela, has announced the end of the pre-sale for the Petro, claiming it has raised the equivalent of over 3 billion dollars. Maduro has also certified 16 crypto exchanges he hopes will start listing his country’s new currency.
According to Venezuelan newspaper, Maduro has authorized the certification of 16 exchange houses for cryptocurrencies, which will facilitate Petro transactions in the international market.
The certification of these 16 exchanges is a demonstration of confidence in the system of the Petro, as a cryptocurrency, and will allow liquidity and solid transactional volume.
The certified 16 exchanges are “Criptoexchainge, Criptocapital, Asesoría Financiaera CA, Italcambio, Amberes Coin, Cave Blockchainge, Valoratta Casa de Bolsa, Coinsecure.ve, Critiaechainge, Criptolago, Criptoventraige CA, Criptoactivo Menets CA, Criptoactivo Bancar CA, Criptomundo Casa de Intercambio CA, Inversiones Financieras 1444 CA, and Criptoactivo Criptoes. However, there is no confirmation that any of them have agreed to list the Petro at the time of the press.
India’s Coinsecure is on the list of exchanges certified by Venezuela. CEO Mohit Kalra said that Venezuela wanted to add Petro as a cryptocurrency on Coinseure, so they can trade Petro against bitcoin and the rupee.
Venezuela has reportedly offered India a 30% discount on crude oil purchases if India uses the Petro.