Bitfinex exchange, a Hong Kong-based cryptocurrency exchange, to remove its $10,000 minimum equity threshold. Thus, becomes the world’s most enhanced trading platform to everyone.
Today, Bitfinex announced that :
We’ve removed our equity limits so you can set yours. Join Bitfinex today, now with no minimum equity requirement.
However, the update comes in response to overwhelming demand over the past six months. Many traders were seeking to access the unique experience available at Bitfinex, but without requiring the upfront equity.
Bitfinex has continued to develop its technology and infrastructure consistent with its reputation as the most sophisticated trading platform available. This includes migrating onto self-designed, dedicated servers with premium hardware for advanced security and lowest latency.
Realising the appetite for access from a broader range of traders, Bitfinex has been working to tailor its offering to better suit the needs of all types of accounts. This includes:
- Upgraded Support Center — redesigned for a more intuitive user experience, offering automated responses to common queries, and quicker issue resolution.
- New KYC Portal — updated infrastructure to enable the implementation of third party tools making the process more frictionless in the near future.
- Santiment Token Information — provides education on every token on the platform to help inform customers.
Jean-Louis van der Velde, CEO at Bitfinex comments:
“We simply could not ignore the increasing level of requests for access to trade on Bitfinex from a wider cohort than our traditional customer base. For the last six months we have been working hard to ready our platform for a new wave of customer accounts. And are now in a position to open Bitfinex to a wider audience. Also, By dropping our minimum equity requirement, the only limits are now set by the traders themselves.”