Bitfinex is an online provider for trading with Cryptocurrencies. Cryptocurrencies are digital means of payment that are based on cryptographic tools such as blockchains and digital signatures. In principle, cryptocurrencies are not centrally regulated by governments or banks. It can therefore be traded directly between parties. Just like central bank money, cryptocurrencies are virtually „created out of nothing“. This means that they have no special intrinsic or intrinsic value. The value of a cryptocurrency therefore only results from acceptance between trading partners (payers, recipients). Trading cryptocurrencies is quite risky. Investors should inform themselves carefully about their contractual partners and the risks.
Wikipedia (17.07.2023) reports the following about the platform: „Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc, and is registered in the British Virgin Islands.[1][2] Bitfinex was founded in 2012 and was originally a peer-to-peer Bitcoin exchange, and later added support for other cryptocurrencies.
Bitfinex was one of the first professional platforms built for cryptocurrency trading. It offers high-volume trading and both spot and derivatives products, including exchange trading, margin trading, margin funding (P2P lending), over-the-counter markets, and derivatives trading.[3]
Bitfinex supports over 170 cryptocurrencies on its active trading platform, including Bitcoin, Ethereum, Tether, Solana, Litecoin, and many others.[4]“
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