What is Bitfinex?
Founded by Giancarlo Devasini and Raphael Nicolle in 2012, Bitfinex is among the pioneer crypto exchanges set up to cater to the needs of a thriving crypto-trading community. After starting as the only peer-to-peer based margin trading service, Bitfinex has successfully cemented its spot as the go-to platform for digital currency traders, institutions, and global liquidity providers.
Apart from offering a host of best-in-class trading features and charting tools that facilitate peer-to-peer financing, OTC trade, and margin trading, Bitfinex also supports innovation in the world of crypto. According to the latest available data, over 1.5 billion US dollars worth of trade happens daily on Bitfinex.
Bitfinex Crypto Services
Bitfinex offers an innovative and well-equipped crypto exchange with order books that have the highest possible liquidity. Users can trade in Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, and several other popular cryptocurrencies with minimal slippage on Bitfinex.
The margin funding services of Bitfinex equips the liquidity providers with the capacity to generate yield by acting as providers of liquidity to traders who want to trade with leverage. There is flexibility on these trades as the funding is traded on an order book at varying rates and periods. Providing traders with access to the p2p funding market, Bitfinex allows up to 5x leverage. The advanced Algorithmic order types of Bitfinex give its traders the tools they need for every scenario.
All these features of Bitfinex can be accessed with the fastest-possible trading speed through institutional-grade connectivity and colocation services that have direct access to the platform’s digital asset gateway. To offer such high-speed professional trading facilities, Bitfinex has partnered with MarketSynergy.
The design of the interface is intuitive where advanced charting features help with a graphical trading experience. Users can conveniently visualize their orders, positions, and price alerts. They also enjoy the provisions of modifying their order properties and annotating them to their trading strategy. You can integrate all these features of Bitfinex to your products and platforms through the Bitfinex REST and Websocket.
The token UNUS SED LEO was developed as a token meant to empower the Bitfinex community. It provides utility for those seeking to maximize the output and capabilities of the platform. It allows users to save money on their trading fees. The discounts vary depending on how much LEO the user has in his/her account and whether the trading pair is crypto-to-crypto or crypto-to-stablecoin. Although the circulating supply of LEO tokens would be diminishing over time, it was originally set at 1 billion. One of the most enticing aspects about LEO is that, unlike many other cryptocurrencies, LEO tokens were issued on two blockchains with 64% of the original supply on Ethereum and 36% on EOS.