What is Bitfinex?

CRYPTOCURRENCY is a form of digital currency verified and maintained through a decentralized system as opposed to a centralized authority.

Here’s everything we know about cryptocurrency exchange, Bitfinex.

2

Bitfinex originated as a Bitcoin exchange

What is Bitfinex?

Bitfinex is a cryptocurrency exchange originally registered in the British Virgin Islands.

Founded in December of 2012, Bitfinex first launched as a peer-to-peer Bitcoin exchange.

As Bitfinex expands, more cryptocurrencies have been added to their network.

Some digital currencies available through Bitfinex include Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, OmiseGO, Monero, NEO, and EOS.

According to the official website: “Bitfinex’s mission is to give our users the ultimate cryptocurrency trading experience.”

They claim to offer “state-of-the-art trading tools, innovate technology, and unparalleled levels of customer service.”

What is a cryptocurrency exchange?

A cryptocurrency exchange is a business established to allow traders of crypto and digital currencies to trade their product for other assets.

Exchanges have access to their users’ personal cryptocurrency wallets.

Some products and cryptocurrency services are incredibly complex to understand, and should not be pursued without full understanding.

Makers of different digital currencies often work independently from the digital currency exchange facilitating their product.

A cryptocurrency exchange is a third-party organization between a crypto creator and a crypto trader.

A multitude of cryptocurrencies exist

2

A multitude of cryptocurrencies existCredit: Getty Images – Getty

Who founded Bitfinex?

Bitfinex was founded by Giancarlo Devasini and Raphael Nicolle.

Currently, Devasini is the acting Chief Financial Officer of the exchange, working to establish instrumental banking relationships.

Jean-Louis van der Velde was made Chief Executive Officer of Bitfinex in 2013. He’s known for his development and collaboration skills.

Other notables at the company include:

  • Claudia Lagorio, Chief Operating Officer
  • Paolo Ardoino, Chief Technology Officer
  • Peter Warrack, Chief Compliance Officer
  • Stuart Hoegner, General Counsel

The Bitfinex team is known for its experience with blockchain technology.

We pay for your stories!

Do you have a story for The US Sun team?



This news is republished from another source. You can check the original article here

Be the first to comment

Leave a Reply

Your email address will not be published.


*