‘Trustless Trading Experience’
At the time of writing this, Bitfinex is the fifth largest cryptocurrency exchange, having handled over $317 million in the last 24 hours according to data from CoinMarketCap.
After being in beta phase for over a year, Ethfinex, the exchange’s hybrid, Ethereum-based portal, it has now announced its official launch in a press release. Ethfinex is an on-chain platform enabling instant trading of over 57 Ethereum-based tokens without relying on a centralized intermediary.
“Introducing Ethfinex Trustless – an Ethereum based trading solution placing security, privacy and control in the hands of the user,” Ethfinex announced today.
Speaking on 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, community-governed trading platform. We are beyond excited to leverage Ethereum to deliver a sophisticated, trustless trading experience to users worldwide and to further extend the boundaries of decentralized exchange.
Reportedly, the hybrid platform already sees a daily traded volume of $70 million.
Ethfinex Solving an ‘Array of Concerns’
Ethfinex allows trading through solutions such as MetaMas, Trezor, Keystore, and others. It’s an on-chain platform which, supposedly, eliminates the concerns associated with centralized exchanges…