Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers

Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. Founded in 2012, Bitfinex was one of the first professional platforms set up to accomodate for the booming interest in cryptocurrency trading. Since then, our team has gained invaluable experience whilst cementing our spot as the go-to platform for digital asset traders and institutions. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital assets. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world. We're hiring! Visit www.bitfinex.com/careers to learn more. *Read below carefully* Beware of anyone contacting you directly, whether via direct message or via reply through a thread. Our channel admins will never contact you privately first, and they will never ask for any of your account details. Scammers may ask for a cryptocurrency payment in return of escalating and speeding up an existing request you have opened with our customer support. Be aware of giveaways on behalf of Bitfinex, the company will never promote these kind of initiatives in return of cryptocurrency deposits.

Bitfinex

In the ever-evolving world of cryptocurrency, Hong Kong's foray into retail crypto trading dominates today's headlines. HashKey and OSL have secured regulatory approval, achieving significant milestones that will shape the future of digital asset access in the region. HashKey and OSL Open Doors to Retail Crypto Traders HashKey's recent achievement involves upgrading two major licenses from Hong Kong's Securities and Futures Commission (SFC), allowing the firm to offer trading services to both institutional and retail investors. Livio Weng, the company's spokesperson, believes this development will foster a newfound investor confidence in the market. Similarly, OSL announced an upgrade to its existing license from the SFC, now enabling it to facilitate Bitcoin trading for retail investors. Dave Chapman, a key figure in OSL, emphasized the importance of this license upgrade in providing broader access to digital assets for individuals. Bitfinex Hack Resurfaces with a Surprising Revelation In a stunning turn of events, Ilya Lichtenstein, one of the individuals charged with laundering billions in Bitcoin, has come forward and admitted his involvement in the infamous 2016 Bitfinex hack. It is reported that nearly 95,000 BTC was laundered before authorities tracked it down. Interestingly, some of the assets were converted into physical gold and allegedly buried by Heather Morgan. The couple involved in the hack was arrested in February 2022, and the remaining Bitcoin was seized. However, only a small portion of the stolen BTC has been recovered, leaving lingering questions about the fate of the rest. MicroStrategy's Unwavering Confidence in Bitcoin Amid discussions about potential spot Bitcoin ETFs, Michael Saylor, CEO of MicroStrategy, remains steadfast in his belief that the company's allure to investors will endure. Comparing MicroStrategy to a sportscar and the spot ETF to a supertanker, Saylor emphasizes his firm's nimbleness and adaptability. The company is even more determined to accumulate more Bitcoin, cementing its position as a prominent player in the crypto space. GameStop's Crypto Misstep Raises Eyebrows In a surprising move, GameStop has withdrawn from the crypto arena, dismantling its crypto wallet and stalling its NFT initiatives. This retreat has sparked discussions about the company's vision and its potential missed opportunities. GameStop's bold entry into the crypto world seemed to reflect a willingness to embrace the future of decentralized empowerment, but this sudden withdrawal suggests a misunderstanding of the direction in which gaming and wealth are heading. Closing Thoughts: Embracing the Future of Digital Assets Today's news showcases the ongoing expansion of crypto trading into the retail space, empowering individual investors to partake in this revolutionary financial landscape. As Hong Kong opens its doors to wider crypto adoption, it sends a message of confidence and enthusiasm for the future of digital assets. On the other hand, controversies surrounding the Bitfinex hack and money laundering highlight the importance of security measures and regulatory oversight in the crypto industry. Such incidents remind us that innovation must be balanced with responsibility to maintain the integrity of the market. In this ever-changing crypto landscape, companies like MicroStrategy continue to lead the charge, displaying unwavering belief in the potential of Bitcoin as a valuable asset class. Their commitment to accumulation highlights the long-term view that many in the crypto community share. Finally, GameStop's retreat reminds us that in this volatile and fast-paced environment, foresight and adaptability are essential to seize opportunities and remain relevant in the ever-shifting landscape of digital assets. In this era of digital transformation, the world of finance is undergoing a tectonic shift. As we witness the ongoing evolution of crypto trading and its impact on global economies, it is imperative for both investors and industry players to adapt swiftly to the changing tides. By embracing the decentralized nature of this new financial realm, we pave the way for a more inclusive, secure, and prosperous future for all. Sources: Finance.Yahoo NYmag Coin360 InvestorPlace Also published . here

Retail Crypto Traders, Bitfinex Hack and Other Crypto Stories You Need to Know Today

Bitfinex, , has more than 180 open-source repositories in GitHub–from a to . The most sophisticated trading toolkit developed by Bitfinex, though, is Honey Framework with many useful packages such as , , , and . one of the largest cryptocurrency digital exchanges Tezos JS library UI goodies bfx-hf-ui bfx-hf-strategy bfx-hf-indicators bfx-hf-strategy-exec In this tutorial, we'll use the Honey Framework ecosystem to define and backtest a trend trading strategy on historic data for the past 500 days. Requirements Let's install the libraries we're going to use. First, run the following command to install Honey Framework libraries. npm install bfx-hf-strategy bfx-api- bfx-hf-util bfx-hf-indicators node -models We'll also need the following packages to display the trades on the command line. npm install cli- colors table Eventually, install library as well to retrieve the data from Bitfinex API. node-fetch npm install node -fetch Strategy We use a simple trend trading strategy based on the following logic: position if the price is between -1 SD and -2 SD Bollinger Bands® and short SMA is below the long SMA. Open short position if the candle is green and more than 75% of its body crossed above the -1 SD band. Close short position if the price is between +1 SD and +2 SD bands and the short simple moving average is above the long simple moving average. Open long position if the candle is red and more than 75% of its body crossed below +1 SD band. Close long The logic behind the strategy is fairly straightforward: if the price is between  -1 SD and +1 SD bands (No Man's Land), we close our position. If the price is in the sell-zone (between the lower bands) and the market trend is bearish (short SMA is below long SMA), we open a short position. On the other hand, if the price is between upper bands and the market is bullish, we open a long position (in other words, we only trade in direction of the overall trend). Check to find more information about trend trading based on Bollinger Bands®. this article from Investopedia Code Let's get our hands dirty. First, create that defines a dummy strategy. strategy.js { SYMBOLS, TIME_FRAMES } = ( ); { BollingerBands, SMA } = ( ); HFS = ( ); .exports = HFS.define({ : , : ,
    symbol,
    tf, : { : BollingerBands([ , ]), : BollingerBands([ , ]), : SMA([ ]), : SMA([ ]),
    },
  }); // strategy.js const require "bfx-hf-util" const require "bfx-hf-indicators" const require "bfx-hf-strategy" module ( ) => { symbol = SYMBOLS.BTC_USD, tf = TIME_FRAMES.ONE_DAY } id "bbands" name "bbands" indicators bbands2 new 20 2 bbands1 new 20 1 smaShort new 25 smaLong new 100 Let's break it down. We define the default symbol (BTCUSD) and timeframe (one day). Then, we define the indicators we're going to use. We need two Bollinger Band® bands, both in the period of 20 days. We give a multiplier of 2 to the first (±2 standard deviations) and a multiplier of 1 to the second one  (±1 standard deviations). In the end, we add two SMAs, one in a 25-day period (short SMA) and the other in a 100-day period (long SMA). to find a list of all indicators available in Bitfinex Honey Framework. Check this We can enter the market now. The strategy we defined accepts five handler methods to update positions and make trades on each event: - called when no position is open onEnter - called when a long position is open onUpdateLong - called when a short position is open onUpdateShort - called when any position is open onUpdate - called on every tick onPriceUpdate Event handlers receive two parameters, (the strategy context) and (point-in-time data), they look for trade opportunities and update if there's a trade to be made. state update state Enter Into the Market Let's define the strategy to enter the market. First, add to encapsulate the reusable logic. Define in it to extract Bollinger Band® bands values from the state. helper.js getBBands HFS = ( ); getBBands = { indicatorValues = HFS.indicatorValues(state); { bbands1, bbands2 } = indicatorValues; { : plusOne, : minusOne } = bbands1; { : plusTwo, : minusTwo } = bbands2; {
    plusOne,
    plusTwo,
    minusOne,
    minusTwo,
  };
}; .exports = {
  getBBands
} // helpers.js const require "bfx-hf-strategy" const ( ) => state const const const top bottom const top bottom return module returns a map of all indicators defined in the strategy. We then extract the Bollinger Bands objects from them, which include three values: top, bottom, and middle. Eventually, the method returns ±1 and ±2 SD bands. indicatorValues Define another method to extract uptrend/downtrend data from the state. checkIfIsUptrend = { indicatorValues = HFS.indicatorValues(state); { smaShort, smaLong } = indicatorValues; isUpTrend = smaShort > smaLong; isUpTrend;
}; .exports = {
  getBBands,
  checkIfIsUptrend,
} // helpers.js /*
getBBands here
*/ const ( ) => state const const const return module The method simply checks if short SMA is above long SMA and infers the trend from it. Add . We'll use it to find trade opportunities. look_for_trade.js HFS = ( ); { getBBands, checkIfIsUptrend } = ( ); .exports = (state = {}, update = {}) => { { price, : timestamp } = update; orderParams = { : timestamp, : ,
    price,
  }; bands = getBBands(state); isBuyZone = bands.plusTwo >= price && price >= bands.plusOne; isSellZone = bands.minusTwo <= price && price <= bands.minusOne; isUptrend = checkIfIsUptrend(state); (isSellZone && !isUptrend) { HFS.openShortPositionMarket(state, orderParams);
  } (isBuyZone && isUptrend) { HFS.openLongPositionMarket(state, orderParams);
  } state;
}; // look_for_trade.js const require "bfx-hf-strategy" const require "./helpers" module async const mts const mtsCreate amount 1 const // between +1 SD and +2 SD from mean, the trend is up const // between -1 SD and -2 SD from mean, the trend is down const const if return if return return The method checks if the price is in the trade zone (between +1 and +2 SD or -1 SD and -2 SD bands). If the price is in the sell zone and the trend is bullish, it opens a short position, and if the price is in the sell zone and the trend is bearish, it opens a long position. If none is true, it simply returns the previous state. Notice that we use Honey Framework helper functions to open positions. You can find the list of all helper functions . Add to use the function we just defined to handle onEnter events. here on_enter.js lookForTrade = ( ); .exports = (state = {}, update = {}) => {
  newState = lookForTrade(state, update); newState;
}; // on_enter.js const require "./look_for_trade" module async await return Now add the handler to the strategy. on_enter = ( ); .exports = HFS.define({ onEnter: on_enter,
  }); // strategy.js /* other imports */ //  handlers const require "./on_enter" module ( ) => { symbol = SYMBOLS.BTC_USD, tf = TIME_FRAMES.ONE_DAY } /*
    other strategy properties
    */ Update Positions Well done! We've just exposed ourselves to the market. But we should add other handlers to react to market updates while we have an open position. Define another method in to check if 75% or more of the candle body crossed the inner bands. helpers.js HFS = ( ); checkIfShouldClose = { candleBody = .abs(close - open); closeToNoMansLandDist =
    position == ? close - bands.minusOne : bands.plusOne - close; shouldClose = closeToNoMansLandDist / candleBody >= ; shouldClose;
}; .exports = {
  getBBands,
  checkIfIsUptrend,
  checkIfShouldClose,
}; // helpers.js const require "bfx-hf-strategy" /*
 Other methods
*/ const ( ) => close, open, bands, position const Math const "short" // check if 75% of candle body entered to the No Man's Land. // see: https://www.investopedia.com/thmb/AtmrjGx96Tbz8f1cfnGOGzpqHqU=/2378x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/dotdash_Final_Using_Bollinger_Bands_to_Gauge_Trends_Oct_2020-02-f76c639116734ccfb8493dce32ed149a.jpg const 0.75 return module calculates the candle body height by finding the distance between open and close values. Then, it checks how much of the candle entered the No Man's Land. If more than 75% of the candle body is in between two inner bands, it closes the position. checkIfShouldClose It's time to create . on_long.js HFS = ( ); lookForTrade = ( ); { getBBands, checkIfShouldClose } = ( ); .exports = (state = {}, update = {}) => { { candle, : timestamp, price } = update; { open, close } = candle; orderParams = { : timestamp, : ,
    price,
  }; bands = getBBands(state); isCandleGreen = open <= close; (isCandleGreen) state; isCloseAbove1Std = bands.plusOne < close; (isCloseAbove1Std) state; shouldClose = checkIfShouldClose(close, open, bands, ); (!shouldClose) state; newState = HFS.closePositionMarket(state, orderParams); newState = lookForTrade(newState, update); newState;
}; // on_long.js const require "bfx-hf-strategy" const require "./look_for_trade" const require "./helpers" module async const mts const const mtsCreate amount 1 const const if return const if return //  check if 75% of candle body is below 1 std const "long" if return let await //  look if should open short await return The method we just defined checks if: The candle is green. The candle is above the No Man's Land (i.e., the closing value is above the +1 SD band). Less than 75% of the candle is in the No Man's Land. And if any of these are correct, it doesn't touch the position. Otherwise, it closes the long position using helper method and then calls to check if a short position should be opened. Now, let's define our strategy while shorting. closePositionMarket lookForTrade HFS = ( ); lookForTrade = ( ); { getBBands, checkIfShouldClose } = ( ); .exports = (state = {}, update = {}) => { { candle, : timestamp, price } = update; { open, close } = candle; orderParams = { : timestamp, : ,
    price,
  }; bands = getBBands(state); isCandleRed = open >= close; (isCandleRed) state; isCloseBelowStd = bands.minusOne > close; (isCloseBelowStd) state; shouldClose = checkIfShouldClose(close, open, bands, ); (!shouldClose) state; newState = HFS.closePositionMarket(state, orderParams); newState = lookForTrade(newState, update); newState;
}; // on_short.js const require "bfx-hf-strategy" const require "./look_for_trade" const require "./helpers" module async const mts const const mtsCreate amount 1 const const if return const if return //  check if 75% of candle body is below 1 std const "short" if return let await //  look if should open long await return checks if: on_short.js The candle is red. The candle is below the No Man's Land (i.e., the closing value is below the -1 SD band). Less than 75% of the candle is in the No Man's Land. And if all above are false, it closes the short position and looks for new trade opportunities. That's it. We've finished defining the strategy. Add the new event handlers to . Then we can start testing the algorithm. strategy.js on_enter = ( ); on_long = ( ); on_short = ( ); .exports = HFS.define({ onEnter: on_enter, : on_long, : on_short,
  }); // strategy.js /* other imports */ //  handlers const require "./on_enter" const require "./on_long" const require "./on_short" module ( ) => { symbol = SYMBOLS.BTC_USD, tf = TIME_FRAMES.ONE_DAY } /* 
      Other strategy properties
    */ onUpdateLong onUpdateShort Test on Historical Data Add to retrieve historic data from Bitfinex API. get_data.js ; fetch = ( ); url = ; get_500_days = { date = (); end = date.getTime();

  date.setDate(date.getDate() - ); start = date.getTime(); { start, end };
}; .exports = { { { start, end } = get_500_days(); pathParams = ; queryParams = ; req = fetch( ); response = req.json(); response;
  } (err) { .log(err);
  }
}; // get_data.js "use strict" const require "node-fetch" const "https://api-pub.bitfinex.com/v2/" const => () let new Date const 500 const return module async ( ) function getData { symbol, tf } try const const `candles/trade: : /hist` ${tf} ${symbol} const `start= &end= &limit=500` ${start} ${end} const await ` / ? ` ${url} ${pathParams} ${queryParams} const await return catch console fetches OHLC data of the past 500 days, given a symbol and a timeframe.  You can modify the parameters to meet your needs. Find more information about Bitfinex API's public endpoint for candle data . getData here Add to define the execution logic. exec.js process.env.DEBUG = ; { Candle } = ( ); { SYMBOLS, TIME_FRAMES } = ( ); logTrades = ( ); HFS = ( ); getData = ( ); BBandsStrategy = ( ); market = { : SYMBOLS.BTC_USD, : TIME_FRAMES.ONE_DAY,
}; getCandles = () => { rawCandleData = getData(market); candles = rawCandleData
    .sort( a[ ] - b[ ])
    .map( ({
      ...new Candle(candle).toJS(),
      ...market,
    })); candles;
}; run = () => { candles = getCandles(); strategyState = BBandsStrategy(market); ( i = ; i < candles.length; i += ) {
    strategyState = HFS.onCandle(strategyState, candles[i]);
  }

  logTrades(strategyState);
}; {
  run();
} (e) { .error(e);
} // exec.js "*" const require "bfx-api-node-models" const require "bfx-hf-util" const require "bfx-hf-strategy/lib/debug/log_trades" const require "bfx-hf-strategy" const require "./get_data" const require "./strategy" const symbol tf const async const await // attach market data const ( ) => a, b 0 0 ( ) => candle return const async const await let for let 0 1 await try catch console method retrieves the data and attaches market information to them. During live execution, we may receive data from multiple sources for different symbols and different timeframes, thus, it's necessary to attach this information to raw data. getCandles Then, gets candle data and the strategy and passes them to helper method that orchestrates relevant strategy event handlers for the new price action data. Eventually, logs the results using function. run onCandle run logTrades Let's test the algorithm. Open the command line in the project's directory and run the following command. node exec The result will be something like this: You can find a list of all positions along with the amount, price, fee, and profit/loss figure of each one. At the bottom, general information about the strategy is logged. The bot has made 37 trades, opened 19 positions, and gained 3960.91$. You can modify and change how it displays the results. helper function log_trades.js That's it! We've defined and backtested a simple trading strategy using Bitfinex Honey Framework toolkit. The example pieces of code in the article are available . here

Define and Backtest Crypto Algo Trading Strategies With Bitfinex Honey Framework Toolkit

The sleepy British Virgin Islands On December 6th, 2017, the company operating Bitfinex and its affiliate Tether received a subpoena from the CFTC. The CFTC is a regulator, and they have the ability to require a financial company that operates with U.S. customers to answer questions. Why would the CFTC be concerned about Bitfinex, which is an exchange incorporated in the British Virgin Islands with a principal address in Hong Kong? Reading through Bitfinex’s , I learned that Bitfinex is incorporated in the British Virgin Islands under the name IFinex Inc, and “Bitfinex” refers to two distinct subsidiaries: BFXWW Inc., the Bitfinex exchange for non US citizens, and BFXNA Inc., the Bitfinex exchange for U.S. citizens. terms of service On June 2, 2016, BFXNA, which operates the Bitfinex exchange with U.S. customers, agreed to a from the CFTC without denying or accepting responsibility for engaging in illegal off-exchange commodity transaction and failing to register as a futures commission merchant. It is unclear why the CFTC did not force BFXNA to exclude U.S. investors then. They clearly got a pass, at least that time, but the controversy surrounding the exchange continued to shadow its legacy. Last summer, Bitfinex announced its due to regulatory issues. Now, they are facing similar regulatory pressures with its business concerning individual US traders. legal order discontinuation of serving US retail customers The CFTC has spoken, issuing a in December, and this could be much more damaging to Bitfinex. There are no leaks as to what this new investigation is about, but the rumor mills are operating at a very high level. It is also not known if the SEC is involved, which would be logical because they are operating as an unregulated exchange trading tokens deemed securities by the SEC. new subpoena The rumored main accusation is that Bitfinex is manipulating the price of Bitcoin because they also own Tether, which sells Tether tokens to investors that are tagged to the US dollar. Tether is called a stable coin because it will not increase or decrease in value. However, though the company claims that a single Tether token equals one dollar, they have provided no proof of the dollar reserves necessary to keep that value constant. Traders then use Tethers to purchase and sell Bitcoins on the Bitfinex exchange. It’s important to note that Bitfinex and Tether have the same . So people buying Tether tokens through Bitfinex are paying the same people twice? If that sounds shady, that’s because it is. CEO, CFO, chief strategy officer, and general counsel The rumor mill accuses Tether to be a fraud because the company does not have the dollar reserves they claim to have in order to keep the value of the Tether constant, or tethered to the dollar. Instead, accusers claim that Tether is creating new Tether tokens out of thin air and selling them to encourage investors to exchange them for Bitcoin, artificially inflating the price of the other token. This whole issue is further clouded by the fact that Bitfinex’s exchange has been , costing the company $60M in Bitcoin, which further begs the question, does Bitfinex have the reserves to back their claims? Friedman LLP, the New Jersey auditor who was hired to publish a report on just that question, on January 27th, Bitfinex confirmed. This all points to serious issues within the company. hacked before recently resigned The financial industry is based on trust. In order to earn trust, companies must offer transparency, and more importantly, the company must also be regulated to provide customers the assurance of government oversight. Bitfinex is an exchange trading commodities in the form of Bitcoin but also dozens of other tokens, which according to the SEC are probably securities because of the method of sale. In addition, Tether could also be a security because it is a derivative financial product representing the value of a dollar. Investors using Bitfinex should worry because the CFTC and the SEC could seek an injunction from the Justice department and seriously harm the company. So what should Bitfinex do? The best course of action for the company is to create a U.S. based subsidiary and seek registration with the SEC as an exchange, and if they are rejected, seek to become a broker dealer. This would permit the company to trade securities legally and offer its customer some form of protection through The Securities Investor Protection Corporation which will insure investor accounts up to $500K. Of course, for the company to become regulated they would also need to do the same in each country where they have customers from. This would require them to become a multinational financial firm. It is unlikely they seek this route and instead go against the regulators, including the CFTC and the SEC. Not a pretty picture. If you liked what you read, join us for the StartEngine ICO 2.0 Spring Summit , where industry leaders will be discussing issues like these.

Why Regulation Can Help Bitfinex and Tether

Our Two Satoshis’ Worth: The Bitfinex Token Sale is Brilliant

The Government is taking action on Bitfinex. Who’s Next?

**ROADTOWN, British Virgin Islands, January 25th, 2024/Chainwire/--**Followed by LIF3’s Token Migration to Ethereum Network for Enhanced Market Accessibility. Today, $LIF3 (pronounced Life), a ground-breaking and complete omni-chain DeFi Layer-1 Curated Blockchain ecosystem, announces its recent listing on Bitfinex ( ), a premier digital asset trading platform, after recently migrating to the Ethereum Network from Fantom. https://trading.bitfinex.com/t/LIF3:USD This announcement coincides with Lif3’s vision and commitment to breaking down barriers to cryptocurrency, enabling easier adoption for consumers entering DeFi, through the Lif3 Mobile App. Lif3 provides a platform for exclusive event access, on-ramping, investing, trading, earning, gaming, and off-ramping. This announcement coincides with Lif3’s vision and commitment to breaking down barriers to cryptocurrency, enabling easier adoption for consumers entering DeFi, through the Lif3 Mobile . Lif3 provides a platform for exclusive event access, on-ramping, investing, trading, earning, gaming, and off-ramping. App Bitfinex Listing The allows for professional traders to trade $LIF3 through a top tier exchange. Bitfinex listing Deposits for LIF3 will commence on January 23, 2024, at approximately 1:30 PM UTC. Trading is scheduled to start on January 25, 2024, at approximately 3:30 PM UTC, with LIF3 being tradable against US Dollars (LIF3/USD) and Tether tokens (LIF3/USDt). “The addition of LIF3 to our offerings is a significant step in our commitment to embracing innovative financial solutions. LIF3’s features include crypto swapping, yield farming, and a secure mobile wallet”, said Henry Child, Head of Tokens. “This listing underscores our commitment to advancing the DeFi space with cutting-edge solutions,” he added. To obtain access to $LIF3 on Bitfinex, customers can visit: https://trading.bitfinex.com/t/LIF3:USD Ethereum Migration The Lif3 protocol has recently migrated to from Fantom Network. This move is not just a change of platform but a leap towards broader market accessibility and ease of trading of the $LIF3 token. Ethereum According to the team behind , the transition simplifies the purchasing process for users, enabling easier acquisition of LIF3, and paves the way for Lif3’s further expansion. Lif3 The migration to Ethereum also marks a new chapter in Lif3’s journey. It represents a move towards a platform with a more extensive user base, offering increased exposure and potentially higher transaction volumes. This shift is about harnessing the strengths of Ethereum’s ecosystem, providing Lif3 users with easier methods of acquiring $LIF3 and improved reliability, crucial for DeFi transactions. “This Bitfinex listing in addition to the migration to Ethereum will expand Lif3.com and its market accessibility while enhancing efficiency in cryptocurrency transactions through consumer DeFi, unlocking more opportunities within the dynamic world of decentralised finance and beyond. We are not only excited for the recent migration to Ethereum, in addition to being available on Fantom, BNB Chain and Polygon - but also opening up a larger market and simplifying the purchase process for users, particularly in acquiring mainstream tokens like USDT and ETH”, says Kean Laurens, Head of Product. “The early stage of DeFi adoption presents unique challenges, including the complexity of swapping, staking, and bridging various chains. Recognizing Ethereum's widespread recognition and trust factor, Lif3 aims to reduce entry barriers and foster a smoother transition into its ecosystem. Lif3 was conceived with a clear mission to make DeFi interactions and investments seamless and safe, especially for newcomers. Our visionaries in the crypto realm identified a need to simplify the on-ramping process and offer a unified platform for various DeFi activities," emphasises Kean. Lif3 Ecosystem Lif3.com is a complete, omni-chain DeFi ecosystem, Curated Layer-1 blockchain, and a self-custody wallet available on the App Store and Google Play - unlocking the potential of Web3 through consumer DeFi, iGaming and the Entertainment Sectors. Now available on multiple blockchains: Ethereum, Polygon, BNB Chain, and Fantom - Lif3 offers a comprehensive suite of DeFi products that transcends beyond a mere platform and an entire curated ecosystem. The ease of use for consumer DeFi, broader market accessibility and adoption are some of the key missions for Lif3. Through the use of a consumer focused and easy to use DeFi wallet, this results in a heightened efficiency in cryptocurrency transactions, signifying a quantum leap for both Lif3 and the future of digital finance in the Web3 space. “As an investor and Lif3 enthusiast, I am thrilled Lif3 is officially listed on Bitfinex, a renowned platform that shares Lif3’s commitment to innovation and excellence in addition to the partnership, in supporting the migration to the Ethereum Network. This listing signifies a crucial quantum leap in providing increased visibility and accessibility to a broader audience of investors and other Web3 enthusiasts alike, for a more seamless experience in using blockchain. As the Lif3 ecosystem continues to advance its mission in reshaping the future of finance, this announcement is poised to catalyse further growth and innovation,” Layer Zero says Harry Yeh, Managing Director of Quantum Fintech Group. Esports Tournament Supercup.gg Lif3.com is also pleased to announce that Lif3 has teamed up with MetaNews and acquired an official licence by Krafton for the PUBG mobile tournament Super Cup, this falls in line with its vision to expand its reach and adoption with the esports user base. The competition will kick off on January 26 and is set to run until January 29, 2024. The Lif3 ecosystem includes an architecture for esports which will bridge the gap from antiquated payment processors which cannot satisfy the need for micro-payments required for esports to operate in Web3 between amateur gamers, fans and their favourite esports organisations. To learn more, visit https://supercup.gg/ About LIF3.com Lif3.com is a complete, omni-chain DeFi ecosystem, Curated Layer-1 blockchain, and a self-custody wallet available on the and - unlocking the potential of Web3 through consumer DeFi, iGaming and the Entertainment Sectors. App Store Google Play To learn more, visit https://lif3.com Twitter: https://twitter.com/Official_LIF3 Lif3 News and Updates: https://lif3.com/news How to Buy LIF3 with ETH or USDT on Ethereum: __ .__For official LIF3 logos and branding please visit: https://support.lif3.com/hc/en-us/articles/8874195179279-How-to-Buy-LIF3-with-ETH-or-USDT-on-Ethereum https://docs.lif3.com/brand-assets Media Contact media@lif3.com About Bitfinex Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit to learn more. www.bitfinex.com Bitfinex to List Lif3: https://blog.bitfinex.com/media-releases/bitfinex-to-list-lif3/ For official Bitfinex logos and branding: https://www.bitfinex.com/press/#press-downloads About LayerZero Labs LayerZero Labs is the team that launched the leading blockchain messaging protocol LayerZero. LayerZero's advanced messaging infrastructure seamlessly connects over 30 blockchains and facilitates transparent and secure cross-chain messaging from one easy-to-use interface. Since going live in March 2022, the LayerZero protocol has processed more than 20 million messages with thousands of mainnet contracts being deployed by thousands of developer teams. Backed by leading venture capital firms including a16z, Sequoia, Binance Labs, Christie's, Lightspeed, Opensea, Bond, Samsung Next, and GBV, LayerZero was recently valued at $3 billion. Developers building on LayerZero can create interoperable, omnichain dApps, which will lead to the establishment of a unified digital asset ecosystem. Visit to learn more. LayerZero Contact Media Relations Chantel Elloway Lif3 Labs Limited media@lif3.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here.

Lif3 Accelerates DeFi Adoption And Innovation With BitFinex Listing

If you are looking for privacy in your cryptocurrency transactions, non- (Know Your Customer) exchanges offer an appealing solution. These platforms allow you to trade without extensive personal information verification. In this article, we will explore some of the non-KYC exchanges, including Coinex, Gate.io, Bitfinex, MEXC, CoinCatch, and LBank. KYC Gate.io is a prominent non-KYC exchange known for its diverse selection of cryptocurrencies. With over 1,700 trading options, Gate.io appeals to traders looking for a wide range of opportunities. The exchange offers advanced features like leveraged and futures trading, NFT trading, and crypto interest-earning products. While Gate.io primarily relies on cryptocurrency deposits and withdrawals, it accepts a variety of digital assets. Gate.io Pros Wide range of cryptocurrencies: Gate.io supports trading of over 1,700 cryptocurrencies, offering a vast selection for traders. Advanced trading features: In addition to spot trading, Gate.io provides leveraged and futures trading, NFT trading, and crypto interest-earning products. Accepts multiple fiat currencies: Gate.io accepts approximately 50 fiat currencies, providing flexibility for traders. Cons Not beginner-friendly: Gate.io is designed for experienced traders and may not be the most suitable choice for beginners. The platform lacks user-friendly features and its website can be glitchy at times. High deposit and withdrawal fees: Gate.io relies on third-party processors for fiat payments, resulting in potentially steep fees. MEXC , headquartered in Singapore, is a non-KYC exchange that prioritizes security and affordability. With support for over 1,500 cryptocurrencies, MEXC offers a wide range of trading options. The exchange features competitive trading fees, making it cost-effective for frequent traders. While MEXC does not facilitate fiat withdrawals, users can transfer funds to other platforms for cashing out. To find more about MEXC, visit MEXC https://www.mexc.com/. Pros Extensive cryptocurrency support: MEXC offers trading of over 1,500 cryptocurrencies, ensuring a wide range of options for traders. Multiple payment methods: The exchange supports various payment methods, adding convenience for users. Affordable trading fees: MEXC provides competitive trading fees, making it cost-effective for frequent traders. Cons No fiat withdrawals: MEXC does not offer direct fiat withdrawals, necessitating the transfer of funds to another exchange for cashing out. Average user experience: Some users may find MEXC’s interface to be busy and overwhelming, especially for beginners. CoinCatch is a pioneering non-KYC exchange that prioritizes user privacy and security. With its user-friendly interface and comprehensive features, CoinCatch offers a seamless trading experience. Traders can enjoy spot and derivatives trading for major cryptocurrencies without the need for KYC verification. CoinCatch’s 125x leverage and a range of supported altcoins provide traders with diverse opportunities. With licenses in the United States and Canada, CoinCatch ensures regulatory compliance while serving a global user base. Additionally, the platform offers mobile apps for iOS and Android devices, allowing users to trade on the go. CoinCatch Visit to learn more about CoinCatch. https://www.coincatch.com/en Pros An exchange for all traders: CoinCatch offers a user-friendly interface, a range of features to suit the needs of different traders with leverage up to 125x, 24/7 customer support, and exciting campaigns and rewards. Regulatory compliance and accessibility: licensed in US/Canada and is accessible to users in the United States. This adds regulatory credibility to the platform and allows US citizens to utilize it. API trading: CoinCatch supports API trading, allowing users to automate their trading strategies. Cons Limited information available about investment programs and passive earnings opportunities. CoinEx is a leading non-KYC exchange that offers a wide variety of altcoins for trading. With over 500 cryptocurrencies available, CoinEx provides traders with ample choices. The exchange features advanced trading options, including margin and futures trading, catering to experienced traders. CoinEx also offers a convenient and functional mobile application, allowing users to access their accounts and trade on the move. With round-the-clock professional technical support, CoinEx ensures a smooth trading experience for its users. CoinEx Pros A variety of altcoins: Coinex offers over 500 cryptocurrencies for trading, providing a diverse selection for traders. Advanced trading features: The platform supports margin and futures trading, allowing users to explore advanced trading strategies. Convenient mobile application: Coinex provides a functional mobile app, enabling users to trade on the go. Cons No direct fiat deposits and withdrawals Bitfinex caters to experienced traders with its advanced trading features and extensive cryptocurrency support. With over 100 listed coins, Bitfinex provides ample trading options. The platform supports margin trading, derivatives, and advanced order types, empowering users to implement diverse trading strategies. However, Bitfinex’s services are not available to customers from the United States and Canada due to regulatory restrictions. Bitfinex For additional information, check out https://www.bitfinex.com/. Pros Suitable for experienced traders: Bitfinex caters to professional traders and corporate accounts, offering a fast and convenient trading experience. Extensive cryptocurrency support: Bitfinex supports over 100 cryptocurrencies, ensuring a diverse selection for traders. Paper trading and mobile app: The platform provides paper trading for newer cryptocurrency traders to test the platform risk-free. Additionally, Bitfinex offers a user-friendly mobile app. Cons Limited customer support options: Bitfinex’s customer support is primarily available via email, lacking live chat or phone-based support. Restricted services: Bitfinex is not available to customers in the United States and Canada due to regulatory restrictions. Past regulatory and security concerns: Bitfinex has faced fines and accusations related to deceptive practices and security issues in the past. LBank LBank is a non-KYC exchange that offers leverage trading and supports multiple payment methods. With its wide range of supported cryptocurrencies and 125x leverage trading, LBank caters to traders seeking amplified opportunities. The exchange enables users to buy and sell cryptocurrencies in nearly 200 fiat currencies, facilitating convenient trading experiences. Pros Leverage trading and multiple payment methods: LBank allows users to trade contracts with leverage and offers a variety of payment options. Accessible in multiple fiat currencies: Users can buy and sell cryptocurrencies using nearly 200 fiat currencies via bank transfer or credit/debit card. Cons Slow customer support: LBank’s customer support can occasionally have slow response times, as it is primarily accessible through email. Lack of advanced order types: The exchange does not offer advanced order types like the trailing stop order. Restricted in certain countries: LBank’s contract trading is not available to users from specific countries, such as the United States, Iran, North Korea, Syria, Cuba, Crimea, etc. Choosing the right exchange is an important step to take before buying or trading crypto online. Investors should opt for a crypto exchange that not only offers user-friendly features, but a secure and safe trading environment. Non-KYC cryptocurrency exchanges provide privacy-conscious traders with the opportunity to engage in cryptocurrency trading without extensive personal information verification. Therefore, we have featured CoinCatch, CoinEx, Gate.io, Bitfinex, MEXC, and LBank as prominent players in the scene, each with its unique features and offerings. As always, it is essential to conduct thorough research, consider your trading preferences, and understand the associated risks before choosing a non-KYC exchange.

6 Non-KYC Cryptocurrency Exchanges: Gate.io, MEXC, CoinCatch, Bitfinex, CoinEx and LBank

The State Of The Market — October 8, 2018 BTC : $6,637.58 (1.03%) : $228.53 (2.27%) : $0.491 (3.25%) ETH XRP The Cryptocurrency market appears to be warming up after a very slow weekend. Today Bitcoin moved above the $6,600 resistance and at the moment BTC is attempting to overtake $6,700. Most cryptocurrencies have gained roughly 2 to 5 percent and Ethereum managed to break above the $225 resistance to briefly re-test $235. In other news, TRON (TRX) leapt 12% as Justin Sun announced the and the Emirate of to further facilitate cryptocurrency payments. Virtual Machine launch Dubai has partnered with PundiX According to Cermak, “Bitfinex is now banking with HSBC through a private account of Global Trading Solutions.” Cermak also mentioned that “All EUR, JPY and GBP deposits are paused but Bitfinex expects the situation to normalize within a week.” The announcement of the partnership is well timed and to the benefit of Bitfinex as recent news of Noble Bank filing for bankruptcy called Bitfinex’s solvency into question. Furthermore, an HSBC partnership would be the first ‘proper’ banking partner that Bitfinex has had since breaking ties with Wells Fargo in 2017. ( ) 1) Larry Cermak, head analyst at The Block, recently reported that Bitfinex obtained a banking partnership with HSBC. Read More Additionally, the projects that want to be featured in the trading platform will now set their price to appear on the trading platform. To ensure transparency, Binance plans to disclose the project’s listing fees to the Binance Charity Foundation. However, Binance CEO Changpeng Zhao, warns that “A large donation does not guarantee or in any way influence the outcome of our listing review process.” ( ) 2) In an official blog post, Binance has announced that it will donate the listing fees of new projects to charity. Read More The network spent the last 18 months in various pilot phases as a number of retailers and suppliers trialed the system. Carrefour will be the first major retailer to utilize IBM Food Trust across 12,000 stores in 33 countries. Initially, the system will be used to track Carrefour’s private label products. Walmart also recently announced that it will use IBM Food Trust to capture traceability data from its fruit and vegetable suppliers. ( ) 3) IBM Food Trust, a blockchain network for supply chain tracking, is now commercially available for companies to use. Read More Subscribe to the Berminal Brief Newsletter Download Berminal App for Free The Berminal Website Berminal Official Telegram Berminal Twitter

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BITFINEX

bitfinex.com

201-500 employees

Since 2012

COMPANY RANKING

BITFINEX

EVERGREEN INDEX #2501

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