Bitfinex is one of the most established digital asset platforms currently active in the crypto space. It offers a wide spectrum of state-of-the-art services dedicated to cryptocurrency investors and traders alike.
Established in 2012, Bitfinex has been able to accommodate the evolving interest of crypto enthusiasts. Over the years, the platform has cemented its position in the industry as one of the go-to platforms for all your cryptocurrency needs.
In this review, I will walk you through the different aspects of Bitfinex and examine whether it can be a trusted source for your cryptocurrency investments.
Bitfinex – An Overview
Bitfinex was first launched as a peer-to-peer margin lending service. At the time, not so surprisingly, the platform offered support only for Bitcoin. Over the years, it has since added hundreds of other cryptocurrencies and digital tokens to its list of supported markets.
Today, Bitfinex has upgraded itself to become a full-fledged tool for cryptocurrency traders and liquidity providers.
In a nutshell, Bitfinex offers six core products on its trading platform:
- Exchange trading
- Margin trading
- Margin funding
- Over-The-Counter (OTC) market
- Paper trading
Apart from this, Bitfinex also has an entire section exclusively dedicated to cryptocurrency lenders. This will allow you to gain access to products such as:
- Lending products
Apart from the aforementioned, Bitfinex also has several other interesting features to make your trading and investing easier. For instance, the platform has developed Honey Framework, which you can use to create custom order types and automate your trading strategies.