Bitfinex, one of the leading cryptocurrency platforms, has announced the launch of a hybrid platform based on Ethereum. Users will be able to exchange over 57 chain-based token-based tokens.
& # 39; Trustless Trading Experience & # 39;
At the time of this writing, Bitfinex is the fifth largest exchange of cryptocurrencies, having managed over $ 317 million in the last 24 hours according to CoinMarketCap data.
After being in beta for over a year, Ethfinex, the hybrid of the exchange, an Ethereum-based portal, has now announced its official launch in a press release. Ethfinex is a chain platform that allows instant trading of over 57 token based on Ethereum without relying on a centralized intermediary.
"Introducing Ethfinex Trustless – a commercial solution based on Ethereum that puts security, privacy and control in the hands of the user," Ethfinex announced today.
Speaking of the matter, Will Harborne – Director of Operations at Ethifinex, said:
Today represents the culmination of a prolonged phase of hard work and dedication fueled by our vision for a decentralized and community-run trading platform. We are very excited to use Ethereum to provide users around the world with a sophisticated and untrustworthy trading experience and to further extend the boundaries of decentralized trading.
Reportedly, the hybrid platform already sees a volume traded daily of $ 70 million.
Ethfinex Solving an "Array of Concerns"
Ethfinex allows trading through solutions like MetaMas, Trezor, Keystore and others. This is a chain platform that, presumably, eliminates the concerns associated with centralized exchanges.
In July, Vitalik Buterin criticized the centralized exchanges of cryptocurrency, saying that he hopes to "go" to burn to hell as much as possible. "
According to Harbourne, the new on-chain platform introduced by Bitfinex attempts to address these concerns:
By removing the concerns associated with current centralized entities, Ethfinex aims to empower a new era of digital securities trading that prioritize the controls individuals have on the safety, privacy and liquidity of their trading experience.We are dedicated to showing the power of decentralized and trustless trading solutions while this exciting journey continues.
What do you think of the new Binance chain trading platform? Do not hesitate to let us know in the comments below!
Images courtesy of Shutterstock, Bitcoinist archives