BitFinex is one of the most appreciated and popular cryptocurrency exchange platforms in the world. Today, they revealed the launch of the Ethfinex, its Ethereum-based exchange which permits clients to conduct both centralized and on-chain trading operations.
“Today represents the culmination of a prolonged phase of hard work and dedication fuelled by our vision for a decentralized, community-governed trading platform. We are beyond excited to leverage Ethereum to deliver a sophisticated, trustless trading experience to users worldwide and to extend the boundaries of decentralized exchange further,” stated Will Harborne, Director of Operations at the new Ethfinex launched by BitFinex.
Initially announced in August 2017, Ethfinex got its Beta version in December last year and came to process daily volumes of over $70 million on average. By using its proprietary Nectar (NEC) crypto token, Ethfinex can allocate some NEC tokens to its clients, on a monthly basis, depending on the customers’ trading volumes.
Ethfinex, an Ethereum-based exchange, fully-launched by Bitfinex
“The complete launch of Ethfinex maintains the sense of continuous progress within the Bitfinex community and underlines our credentials as a true pioneer in this ever-evolving and exciting exchange landscape. This is a firm demonstration of our commitment to accelerating the development of the blockchain trading ecosystem, extending our reach to a wide variety of traders worldwide, allowing them to take advantage of both centralized and on-chain trading opportunities,” also explained the Chief Technology Officer at BitFinex, Paolo Ardoino.
Ethfinex uses Ledger, MetaMask, Trezor, and Keystore to offer a smooth, trustworthy, private, and high-liquidity trading experience by listing approximately 60 ERC-20 tokens.
As it is set as an on-chain exchange platform, Ethfinex, recently fully-launched by BitFinex, provides instantaneously trading by cutting off the need for registration, deposits, and ID verification. Additionally, all the transactions conducted on the platform are made on the Ethereum (ETH) blockchain to give better control over the trades.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.