Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Bitfinex => Topic started by: RSRS on September 05, 2021, 03:57:30 AM
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Bitfinex, a crypto exchange that has been operating since 2012, today announced the launch of perpetual derivatives contracts for Filecoin and Avalanche. According to a company note, the new derivatives offer users leverage of up to 100x and will be settled in Tether (USDt) tokens.
Summary
Filecoin and Avalanche on Bitfinex’s iFinex
Crypto derivatives is a growing market
Filecoin for peer-to-peer storage
What is Avalanche
Filecoin and Avalanche on Bitfinex’s iFinex
Paolo Ardoino, CTO of Bitfinex Derivatives, said:
“We’re delighted to announce the addition of Filecoin and Avalanche to the growing portfolio of perpetual swaps available to trade on the exchange”.
“We anticipate great interest in these products, particularly among funds and professional investors for hedging purposes and to manage risk”,
said the platform’s statement this morning.
The products will be available on the iFinex Financial Technologies derivatives platform, a digital token trading platform launched by Bitfinex in 2019.
Bitfinex had already launched a derivative on Dogecoin in May this year, having previously launched similar contracts on Bitcoin, Ethereum, Eos, Polkadot and Litecoin.
More Information (https://cryptonews.net/en/news/market/1660629/)