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Bitfinex Is Announcing EOSfinex to Build On-Chain Exchange

One of the largest cryptocurrency exchange, Bitfinex has officially announced EOSfinex. It would be built on EOS.io technology that would brand it first high-performance decentralized exchange.

EOSfinex – ON-CHAIN EXCHANGE

Following the partnership of Bitfinex and EOS.io, traders can now experience scalable and speedy trading service. Indeed, the deal would build the first decentralized exchange by merging features of Bitfinex and EOS.io. It would deliver an “on-chain” exchange which shall offer a transparent, fast and trustless platform for the digital assets trading.

However, Bitfinex explains that its goal is to catch up rigorous requirements of the high volume blockchain trading platform.

As mentioned,

A continuous goal of Bitfinex has been to research and sandbox the capabilities of various protocol-level technologies that meet the rigorous requirements of a high volume, blockchain-based trading platform.

However, the goal of Bitfinex derived them to EOS.io platform wherein they focus on processing tens of thousands of transactions every second. Also, EOS platform offers minimum fees and quick confirmation which lined up with Bitfiinex’s vision.

Eagerly they say,

 “We are excited to leverage EOS.io to further advance the field of high performance and trustless on-chain exchange. Block.one continues to display an unwavering dedication to improving blockchain scalability through the EOS.IO platform and it is our hope that this collaboration will allow significant advancement for all decentralised exchange” commented J.L. van der Velde, Bitfinex CEO.

“Our experience indicates that these advancements represent fundamentally transformative capabilities for the blockchain industry, and Bitfinex remains dedicated to leveraging the latest innovations to continue offering the world’s leading trading experience.”

The announcement claims that further information will be sharing as the development continues. Nonetheless, they left an email Id for users to inquire with the same, i.e.: info@eosfinex.com.

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Tabassum M

A research has got to come out with her writing. She writes, research and share frequent updates and trading guide. Tabassum is guest content writer at Coinpedia and contributed her effort to many other crypto blogs online.

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