Bitfinex – one of the most popular digital currency trading platforms in the world – recently announced the launch of a hybrid Ethereum-based exchange. This will enable users to trade more than fifty-seven Ethereum-based tokens on-chain as reported by smartereum.com.
Trustless Trading Experience
At the press time, Bitfinex is holding the number 5th spot on the list of top digital currency trading platforms, handling more than $317 million over the past twenty-four hours, according to data from Coinmarketcap.com. After being in beta phase for more than twelve months, Ethfinex – the Ethereum-based, hybrid portal of the trading platform – Bitfinex has now announced its official launch.
Ethereum (ETH) Price Today – ETH / USD
Ethfinex is an on-chain platform that allows for the trading of more than fifty-seven tokens based on the Ethereum network without depending on a centralized middleman or intermediary. “Introducing Ethfinex Trustless – a trading solution based on Ethereum placing privacy, control, and security in the hands of users,” Ethfinex announced.
Speaking on this regard, the Director of Operations at Ethfinex – Will Harborne, said: “Today represents the conclusion of a lengthy phase of hard work and dedication pioneered by their vision for a community-governed, decentralized trading platform. He said they are beyond excited to leverage Ethereum to deliver a trustless, sophisticated trading experience to users all over the world and to extend the boundaries of decentralized trading platforms further.”
Ethfinex Solves A Series Of Concerns
Ethfinex enables trading via solutions such as Trezor, MetaMask, Keystore, and many others. It is an on-chain platform that eliminates the worries associated with centralized trading platforms. Back in July, the creator of Ethereum (ETH) – Vitalik Buterin criticized centralized digital currency trading platforms widely, adding that he hopes that they go and burn as much as possible in hell.
According to Harborne, the new on-chain trading platform – Ethfinex – which is introduced by Bitfinex is aimed at tackling the said concerns, and to make the trading of Ethereum-based tokens more seamless and trustless for users.