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Bitfinex

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Bitfinex is a centralized cryptocurrency exchange owned and operated by iFinex Inc. The exchange was founded in 2012, is headquartered in Hong Kong, and registered in the British Virgin Islands. 

Bitfinex is one of the world’s leading cryptocurrency exchanges with an adjusted daily trade volume of $130,337,046 at the moment of writing. The exchange offers crypto-to-crypto trading for all the major cryptocurrencies as well as a wide array of altcoins and stablecoins. Additionally, Bitfinex also features multiple fiat trading pairs as well as fiat on-ramps and off-ramps for USD, EUR, GBP, and JPY. 

The Bitfinex trading platform is rich with features including a highly liquid order book with minimal slippage for trading cryptocurrencies. It also features margin trading with up to 3.3x leverage as well as margin funding for added liquidity. For advanced traders, they can execute multiple order types including limit, market, stop, trailing stop, kill or fill, one cancels other (OCO), post only, and hidden order. Even more, the exchange features a customizable trading interface, professional connectivity, corporate accounts and professional trading, API integration, and a plethora of advanced charting tools. 

As for Bitfinex’s security, the exchange is centralized and therefore susceptible to centralized hacks and attacks. However, the exchange has implemented some of the best security measures in the industry. Bitfinex offers users two-factor authentication (2FA), universal 2nd factor (U2F), advanced verification tools, withdrawal protection, advanced API key permissions, and email encryption with openPGP. Moreover, the majority of crypto assets held by the exchange are stored offline in cold storage wallets. 


Be careful where you invest

26 Sep 2020 1 minute read 0 comments vladb21

     Bitfinex and Tether have filed a lawsuit against Judge Joel Cohen of the New York Attorney General (NYAG) over cases pending against the two companies. Cohen rejected Bitfinex's suggestion to drop the case due to lack of jurisdiction, and NYAG w...

Report Shows That Tether Might Not Hold Enough Fiat Reserves

3 Sep 2020 1 minute read 6 comments Abhi K

The Central Bank of Bahamas on August 31 published a quarterly report. According to one Twitter user, this indicates that Tether (USDT) may not have enough USD reserves to back all of its supply.  On August 31, the Central Bank of Bahamas released a...

Why Tether's checkered past poses a risk to the DeFi ecosystem

29 Aug 2020 6 minute read 32 comments The Kragle

Tether's market capitalization has surged in the past few months from $5 billion to $10 billion because of the recent DeFi expansion, and the proliferation of decentralized exchanges/swapping protocols, such as Uniswap. Despite its lofty status as th...

Bitfinex Lists Chainlink (LINK)

20 Aug 2020 1 minute read 2 comments Abhi K

Cryptocurrency exchange Bitfinex opened withdrawals for Chainlink (LINK), as per a blog post posted on August 20. Trading and withdrawals will begin on August 21 The asset has been paired against USD and Tether (USDT) LINK has been one of the best p...

What Is The UNUS SED LEO Cryptocurrency Coin?

15 Aug 2020 4 minute read 2 comments MintDice.com

UNUS SED LEO UNUS SED LEO is a relatively new cryptocurrency released in May 2019 by the Bitfinex exchange. They released this token in response to the accusation that the exchange was illegally using Tether funds to conceal monetary losses. UNUS SED...

Cryptocurrency Exchange, Bitfinex, to List Fetch(FET) Coin on August 18

14 Aug 2020 1 minute read 0 comments stevo muchoki

​​ Cryptocurrency exchange, Bitfinex, is planning to list Fetch(FET) on August 18. According to a blog post on its website, the company has been offering a deposit competition with 300k FET prize pool. The competition has been taking place every day...

Poloniex and Bittrex File for Summary Judgement in Case that Involves Tether and Bitfinex

11 Aug 2020 1 minute read 2 comments Abhi K

According to court filings made on August 7, lawyers representing Poloniex and Bittrex have pushed for summary judgement in a case involving the two, as well Tether and Bitfinex. The parties have told Judge Katherine Polk Failla of the Southern Distr...

Bitfinex List Cardano (ADA)

7 Aug 2020 1 minute read 2 comments Ghous

hi there fellas. How have you all been? I hope in good health and spirit. like Bitcoin Cash, I am also a strong believer of the Cardano (ADA) project. I believe it has a strong potential to grow and it has shown this by recently launching the Shelly...

Bitfinex program to return stolen Bitcoin from 2016 may reward hackers.

5 Aug 2020 1 minute read 0 comments alberdioni8406

The Bitfinex Crypto exchange is carrying a campaign to have back the stolen assets from 2016 during an hack incident, with incentives available up to $400,000.000 to split among the ones who lead to any information regarding the 120,000 Bitcoins defr...

Loads of news from Bitfinex

28 Jul 2020 1 minute read 0 comments kingscrown

Lets check some.From 23/07/20, EOS to Tether (EOS/USDt) and Litecoin to Tether (LTC/USDt) can be traded with a higher maximum leverage of 5x. DAI with US dollar (DAI/USD) can be traded with a maximum leverage of 3.3x, an initial equity of 30% and a...