The Petro has been authorized for trade on 6 crypto exchanges

18 Oct, 2018
by David Borman
The Petro has been authorized for trade on 6 crypto exchanges

It is being reported by that the Venezuelan government has officially announced authorization for the Petro (PTR) on 6 different crypto exchanges. However it is noted that some of these exchanges seem to have little or no trading volume.

It was originally announced that 16 exchanges would carry the Petro, but as of now only the 6 have been announced. The six websites are Cave Blockchain (, Bancar (, Cryptia (, Amberes Coin (, Afx Trade (, and Criptolago ( It is noted in the article that at least some of these exchanges, such as Cryptia, have multiple trading pairs but apparently no volume.

Furthermore, a new whitepaper was released for the Petro, which is now apparently backed by 50% oil, 20% gold, 20% iron and 10% diamond.

This announcement also conflicts with a recent announcement that November 5th would be when the Petro officially goes on public sale.

Whether this is a major step forward for the Petro or just another in a string of strange announcements from the government that seem to go nowhere remains to be seen. Stick with Chepicap for all Petro related news!

Read more: Public Sale Day for the Petro has officially been announced.

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