Bitfinex
Basic Information about Bitfinex
| Year Established | 2012 |
| Website | bitfinex.com |
| Rank | 32 |
| Country | British Virgin Islands |
| Has Trading Incentive | No |
| Centralized | Yes |
Coins & Trading Pairs Available on Bitfinex
| Coin | Pair | Volume | Volume (BTC) | Volume (USD) | Volume % |
|---|---|---|---|---|---|
| Bitcoin | BTC/USD | 2,195 | Ƀ 2,200 | $141,654,875 | 34.87% |
| Ethereum | ETH/BTC | 14,537 | Ƀ 710 | $45,839,319 | 11.28% |
| Bitcoin | BTC/USDT | 592 | Ƀ 591 | $38,115,111 | 9.38% |
| Ethereum | ETH/USD | 8,005 | Ƀ 391 | $25,263,518 | 6.22% |
| Ethereum | ETH/USDT | 2,109 | Ƀ 102 | $6,635,649 | 1.63% |
| Solana | SOL/USD | 37,679 | Ƀ 83 | $5,379,986 | 1.32% |
| Bitcoin | BTC/EUR | 54 | Ƀ 53 | $3,452,034 | 0.85% |
| Ripple | XRP/USD | 5,258,547 | Ƀ 40 | $2,613,653 | 0.64% |
| Solana | SOL/USDT | 17,815 | Ƀ 39 | $2,539,542 | 0.63% |
| Tether Gold | XAUT/USDT | 1,051 | Ƀ 38 | $2,469,708 | 0.61% |
What is Bitfinex?
Bitfinex is a cryptocurrency exchange that offers a range of features for trading and investing in digital assets. It was founded in 2012 as a peer-to-peer Bitcoin exchange and has since expanded to support other cryptocurrencies. The exchange is owned by iFinex Inc, registered in the British Virgin Islands.
Bitfinex provides various trading options, including high-volume trading, spot and derivatives products, margin trading, margin funding, over-the-counter markets, and derivatives trading. The platform supports over 170 cryptocurrencies, including popular ones like Bitcoin, Ethereum, Tether, Solana, and Litecoin. Users can exchange these cryptocurrencies with minimal slippage, ensuring efficient trades.
Margin trading is a notable feature of Bitfinex, allowing users to trade with leverage. Traders can access up to 10x leverage through the peer-to-peer funding market, and liquidity providers can earn yield by providing funds for leveraged trading. The platform also offers different order types and customizable interface options to cater to the needs of various traders.
Security is a top priority for Bitfinex, and the platform has implemented robust measures to protect user information and funds. It has undergone notable developments and improvements over the years, including advanced charting tools for visualizing orders, positions, and price alerts. Bitfinex also offers advanced features for professional traders, such as high-speed connectivity and co-location services through Market Synergy.
Corporate accounts and professional trading services are available on Bitfinex, and the platform provides API access for integration with external products and platforms. Additionally, Bitfinex has its own token called UNUS SED LEO, which empowers the Bitfinex community.
It\\\'s important to note that Bitfinex has faced security breaches in the past, including an incident in 2015 where 1,500 Bitcoins were lost. The exchange has also encountered regulatory issues and banking challenges, such as delays in processing USD withdrawals and changing banking relationships. Bitfinex is not available to users in the United States.