Bitcoin Under Pressure

Bitfinex Launches Social Network for Crypto Traders on Mobile

BitfinexBitfinex is on a role. The leading digital asset trading platform has just launched a social network tailored to meet the needs of crypto traders and provide them with a trading edge. On both iOS and Android, Bitfinex Pulse adds to the plethora of advanced features powering the Bitfinex mobile app.

Eligible verified Bitfinex users may use the app to share his or her thoughts on crypto both privately and publicly. Unverified users can only publish private pulses on mobile. Users can follow each other, like, share, and interact within the community instantaneously.

Paolo Ardoino, CTO at Bitfinex, said: “Bitfinex Pulse has quickly become a valuable resource for our growing community of professional traders. The very nature of crypto markets makes information flow fast, and I’m sure our traders will appreciate being able to search for the latest Pulses on the go from the convenience of their mobile devices.”

Bitfinex is leveraging its 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 an advanced lending tool designed to automate lending in order to enhance the efficiency of capital allocation on the exchange. Lending Pro utilizes automated technologies and advanced features to manage lending, based on a user’s specifications and market conditions.

The crypto trading platform 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.

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.