Bitfinex is launching Lending Pro to provide an advanced lending tool designed to automate lending in order to enhance the efficiency of capital allocation on the exchange.
The tool is highly-customizable and utilizes automated technologies and advanced features to manage lending based on a user’s specifications and market conditions. Lending Pro uses pre-determined settings and market conditions to automatically offer and extend
lending in the peer-to-peer marketplace, on the customer’s behalf.
Lending Pro potentially allows users to increase their earnings by automating the management of crypto lending in the platform’s
peer-to-peer lending portal.
Lending Pro features:
Calculator page, providing a Standard and Compounded Summary allowing users to make better projections on their potential earnings Tickers panel, enabling users to toggle between Lending and Calculated Rates (or the rates calculated by Bitfinex’s margin lending automation tool)
Lending Form, enhanced to enable users to make bids or offers for all currencies on a single page Balances panel, displaying a user’s cumulative holdings as well as providing a detailed breakdown per cryptocurrency Today’s Earnings panel, enabling users to track their earnings and value per currency for that specific day Distribution panel, enabling users to evaluate lending distributions and identify tokens offering the best rates to fund.
Paolo Ardoino, CTO at Bitfinex, said: “Lending Pro provides our users with a tool to automate peer-to-peer lending, and earn passive income on their crypto. By deploying advanced automated technologies we’ve created a tool that will help our growing user base maximize their earning efficiency on the crypto held on our exchange.”
The launch of Lending Pro further consolidates Bitfinex’s position as a one-stop-shop for crypto trading, offering a variety of services, including margin trading with up to 5x leverage.
Bitfinex has recently launched a demo account service that enables users to practice strategies without putting funds at risk in a live account. Paper Trading allows users to trade Bitcoin in a simulated market environment without the need to deposit real funds.
The cryptocurrency exchange also partnered with Market Synergy, a connectivity provider that enables firms to take a FIX feed or ISP link to Bitfinex’s digital asset gateway. In addition to the cloud-based VPS solution and the institutional connectivity offering, Market Synergy also offers colocation services to any Bitfinex institutional client. The service connects brokers, hedge funds, and professional traders to the Bitfinex trading platform.
Also this year, Bitfinex launched an institutionally oriented post-trade service in collaboration with London-based Koine, thus delivering a trading environment that meets the needs of institutional investors, providing fund managers with a separate custody solution while maintaining continuous ownership throughout the trade lifecycle.
By delivering cross-venue operability, and real-time settlement, with cleared funds, algorithmic traders can dramatically increase capital efficiency leading to a huge growth in trading volumes. Koine is a London-based digital asset custody provider that provides customers with access to a post-trade solution from a business licensed by the UK’s Financial Conduct Authority. Koine customers who also have an account on Bitfinex will be able to obtain a line of credit on the Bitfinex trading platform using bitcoin or other cryptocurrencies held with Koine