Bitfinex is a cryptocurrency exchange that involves 4 types of cryptocurrency trading activities, involving :
Exchange Trading (The traditional way of trading)
Bitfinex is a central limit order book for a wide array of high-quality cryptocurrencies. Users can deposit, trade and withdraw Bitcoin, Ethereum and other cryptocurrencies against US Dollars and bitcoin and benefit from an advanced trading interface.
Bitfinex provides users with a large selection of digital assets & order types
Margin Trading
Bitfinex allows users to trade with up to 3.3x leverage, receiving financing with the help of margin funding/peer-to-peer financing platform. When opening a Margin position, users can manually enter a funding order to receive the desired amount of financing, at the rate and duration of their choice. Alternatively, users can open a margin trading position and Bitfinex will automatically link them with peer-to-peer funding at the current prevailing rate. Users can use margin trading to open both long and short positions. To learn more, read up on the basics of Margin Trading before opening your first Margin position.
Margin Trading (P2P Financing)
The Margin Funding (P2P) market gives users (lenders) a way to earn interest on their digital assets by allowing them to lend their funds to users (borrowers) who wish to trade with margin. Lenders can offer to finance at the rate and duration of their choice, or they can lend at an automatically adjusting rate that we refer to as the Flash Return Rate (FRR). Users can use Bitfinex’s Auto-Renew feature to renew their lending offers automatically once they expire, allowing them to earn cumulative interest on their digital assets.
Margin funding allows users to earn returns on their funds without the risk associated with trading. If a user prefers a low-risk investment strategy then Margin Funding is for him.
Over The Counter Market (OTC)
Bitfinex offers a private OTC Market as an avenue for traders seeking to perform large trades directly with a counterparty, bypassing the public order books. Trades performed via the OTC Market provide access to large liquidity without affecting the exchange market price.
Bitfinex provides a wide range of customizable user interface, that users can select based on their personal opinion.
Bitfinex allows to set up user preferences and organize the workspace according to the their needs.
Some of the features include
Compose the Trading Sidebar and choose its side (Left or Right)
Manage tickers navigation and save preferences
Organize and sort the Order Book columns
Setting table preferences.
Users can also switch between dark and light mode and Set up in-browser notifications and custom sounds alerts.
Advance features and tools for professionals and institutions.
Professional Connectivity
Partnering with Market Synergy, corporate accounts, and professional traders can take advantage of the fastest trading speeds through institutional-grade connectivity and co-location services with direct access to our digital asset gateway.
Advanced Chart Tools
Bitfinex facilitates a graphical trading experience with advanced charting functionality that allows traders to visualize orders, positions and price alerts, tap to modify order properties, and annotate to their trading strategy.
Corporate Accounts and Professional Trading
Bitfinex has a bespoke offering expertly tailored to meet the specific needs of professional and institutional traders including sub-accounts, expedited verification, and dedicated customer support.
API TOOLS
The Bitfinex REST and Websocket APIs are designed to facilitate access to all features of the Bitfinex platform, allowing full integration with traders’ own products and platforms.
Bitfinex Token Sales
Bitfinex provides a trusted home for token sales where multiple new tokens are listed that are supported by Bitfinex
Bitfinex Affiliate Program.
Bitfinex has an affiliate program that any registered user can access and generate their Referral codes and links.
Users can share their referral and earn unlimited commission up to 3 degrees of connection
This post was originally published by us at https://blockchaintrends.io/what-is-bitfinex/