New Non-Custodial Crypto Exchange 'Brings Bitfinex Liquidity to EOS'
Eosfinex has launched a beta version of its mainnet, saying it brings liquidity from the Bitfinex cryptocurrency exchange to the EOS community.
Oct 7, 2020 at 1:00 p.m. UTCUpdated Aug 19, 2021 at 4:48 a.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/NUQ2BXZB3NFJBJ6EUIJGNLR2HI.jpg)
Eosfinex, a non-custodial digital asset exchange, has launched a beta version of its mainnet, saying it brings liquidity from the Bitfinex cryptocurrency exchange to the EOS community.
- The beta mainnet launch is said to enable off-chain order matching while retaining custody and settlement on-chain.
- This would increase the speed of trades since they are not tied to (sometimes tardy) block confirmation times.
- Eosfinex – which is built on EOSIO technology – will also offer Equilibrium (EOSDT), Everipedia (IQ) and interoperability bridging assets known as pTokens at launch.
- The firm said the launch would help solve the issue of illiquidity in token trading for the EOS community, which it called a "major obstacle to growth."
- In addition, Eosfinex said it will stake assets on behalf of users, "covering the costs of network resources for traders."
- This would free up users' locked EOS tokens on the network, further increasing liquidity within the EOS ecosystem, Zhao said.
- Verification of an Eosfinex account is not mandatory to trade or transact with its various digital assets; it features a three-tiered system of individual authentication levels.
- According to CoinMarketCap data, Bitfinex is the sixth-largest crypto exchange by trading volume.
STORY CONTINUES BELOW
13:18
Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
05:10
Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
04:07
The first video of the year 2024
40:07
The last regression video of the year 3.67.0
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)