Bitcoin

Bitfinex introduces a new feature to its platform

23 January 2020 by Clementine

Anxious to satisfy its customers, Bitfinex just to improve its services by incorporating a new feature.

A flower for the traders

All users of Bitfinex can now create, and use, up to 100 sub-accounts within their main account, which is a real boon for the traders, since large volumes of trading them.
According to the exchange platform, this implementation was necessary in order to follow the growing trend of the demand at the institutional level within the crypto-trading.
Paolo Ardoino, the chief technology officer, Bitfinex, would like to clarify that :

“There is a huge pent-up demand among institutional traders to a more sophisticated access to the markets of crypto-currencies “.

At the same time, discounts of fees will be granted to all accounts based on their total volume of transactions, which represented a non-negligible amount for those who are experimenting with the new feature.

A pioneer in the sector

As a reminder, at the beginning of the month of December last, Bitfinex has decided to integrate the Lightning Network used for the deposit and the withdrawal of the crypto-currencies.
In fact, up until then, the Lightning Network was incorporated by platforms of second rank such that MercuriEX, Bitbargain, BTCDuke and many others.
Ardoino argued at the time that the Lightning Network, may change in the sector, allowing faster transactions at lower costs, and this, without overloading the main network.
The technology director has even planned to continue the project by implementing the Stablecoin Tether (USDT) and the Tether Gold on the network.
Do you think that the recent developments that Bitfinex has made will enable him to make the difference against those competitors in the crypto-sector ? Let us know your thoughts in the comment section below.
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Clementine

Passionate about the universe geek, Clementine finds the news more interesting and involved in their drafting.

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Jeremiah Faber

Jeremiah Faber

Jeremiah is an explorer by heart – both in the physical and the digital realm. A traveler, Jeremiah continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Jeremiah and through his business acumen has gained financial profits as well as fame in his business niche.