One of the Bitfinex crypto exchanges announced the launch of the Ethfinex Trustless platform with a decentralized trading model..
The new product is based on Ethereum and is a hybrid platform for trading ether and dozens of tokens. Traders can link their centralized and offline order books for complete control over assets. To work from the investor, the exchange does not need its own funds, which eliminates subsequent transfers and delay. Also, there is no need for registration and personal identification, users do not even need to provide a name, email or phone number, start trading.
In order to get started, it is enough to have at least one Ethfinex Nectar token on the balance of your Ethereum wallet. The decentralized platform already offers more than 40 trading pairs with 57 tokens, including ETH, USDT, OMG, ZRX and others. At the same time, you can directly work with the Ethfinex and Bitfinex order books.
According to representatives of the exchange, the created model allows traders to maintain their anonymity, avoid many costs associated with withdrawing and replenishing a deposit, as well as the risk of losing cryptocurrency as a result of hacking. Further expansion is planned, adding new incentives, remuneration structure, profit distribution and platform margin.
Despite the recent decline in cost, experts believe that the situation may change after the network-wide update of Constantinople scheduled for early October..
text: Ivan Malichenko
[EN] Bitfinex Plans Launch of Decentralized Exchange Eosfinex
Bitfinex Announces EthFinex