Bitfinex launches Ethfinex, The Trustless Trading Experience

Ethfinex, a hybrid Ethereum Exchange was announced on twitter on September 17. The aim of the exchange is to provide trust less trading experience to the users, unlike other cryptocurrency exchanges which collect user information.


Take Control of Your Trading

Ethfinex aims to provide users with decentralized trading and reduce the dependency on centralized systems.

The platform was launched in hopes to avoid the mistakes of other crypto exchanges. Hence Ethfinex promises to not collect any personal information. Moreover, there is no signup required to trade on Ethfinex platform.

The trading platform spent a year in the beta phase. However, the launch was announced on the official website. Ethfinex allows instant trading of over 57 Ethereum-based tokens without relying on centralized intermediaries like other exchanges.

Director of Operations at Ethfinex, Will Harborne states,

Today represents the culmination of a prolonged phase of hard work and dedication fueled by our vision for a decentralized, community-governed trading platform. We are beyond excited to leverage Ethereum to deliver a sophisticated, trustless trading experience to users worldwide and to further extend the boundaries of decentralized exchange.

Bitfinex Launches Ethfinex a Hybrid Ethereum Exchange Providing Ethfinex Trustless Trading

Ethfinex Facts

Ethfinex is running on, Nectar (NEC), a token which is ERC20 standard compliant. However, NEC can be transferred from any Ethereum wallets.

After successful completion of the beta phase, the Ethfinex trade volumes at present go up to $79 million USD per day.

The Ethfinex trustless trading platform allows trading without sign-ups, deposits or withdrawal delays, and the users don’t have to sacrifice their tokens.

Users never lose control of their funds; instead, the platform provides the opportunity to execute trades against high liquid off-chain order book. Hence the users get a seamless trading experience.

How do you think is the new exchange platform- Ethfinex? Share your views with us and connect via Twitter and Facebook.

Image Courtesy- Ethfinex official page

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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