Peer-to-Peer or simply, P2P refer to decentralized exchanges which are exclusively operated and maintained through software.
The P2P exchange allow for the direct trading of all market participants directly with each other. The system does away with third parties to process the trades. The interactions fostered within peer-to-peer exchanges are exclusively directed by pre-programmed software without the need for a human intermediary.
This approach poses a good number of benefits for its users. By philosophy, the P2P exchanges is a natural progression of the crypto transacting system as it eliminates some of the limitations of Bitcoin’s exchanges.