Bitfinex: A Crypto Veteran Still Making Waves in 2025
Bitfinex, one of the oldest and most established cryptocurrency exchanges, continues to make waves in the industry. Founded in 2012, it offers a wide range of services, including a self-managed API, prime brokerage services, and an OTC desk, targeting high-volume investors.
Bitfinex boasts an impressive daily trading volume, ranging from $1 to $2 billion, and provides deep liquidity in major pairs like BTC/USD and ETH/USD. It consistently ranks among the top 10 crypto exchanges globally by total trading volume, processing billions of dollars in daily trades. The platform plays a significant role in BTC price discovery, often placing among the top 3-4 BTC/USD trading pairs.
Bitfinex appeals to a variety of institutional investors, including hedge funds, family offices, and algorithmic traders. It offers high margin rates and advanced trading tools to cater to these clients. The platform also stores a significant portion of user funds in cold wallets, ensuring security and compliance with various jurisdictions' regulations.
Despite a security breach in 2016, Bitfinex has regained its reputation and now offers over 170 crypto assets and 400 trading pairs. Its services include individual and institutional spot trading, up to 10x margin trading, futures and perpetual swaps, and advanced trading tools. The platform's wide order book liquidity sets it apart from smaller exchanges.
Bitfinex, with its extensive history and robust services, continues to be a significant player in the cryptocurrency market. Despite the lack of public information about the specific countries served by its prime brokerage services and OTC desk, its global impact is undeniable. The platform's deep liquidity, wide range of assets, and commitment to security make it a popular choice for both individual and institutional traders.
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