Founded in 2012, Bitfinex（www.bitfinex.com） is a cryptocurrency exchange providing advanced services for digital currency traders and liquidity providers. Bitfinex is the worlds most advanced cryptocurrency exchange, and the world’s largest exchange by volume for trading Bitcoin against the US Dollar.
Bitfinex is comprised of 4 core features:
1. Exchange Trading
At the heart of Bitfinex are central limit order books for a wide array of high-quality cryptocurrencies. Users can deposit, trade and withdraw Bitcoin, Ethereum and other cryptocurrencies against US Dollars and bitcoin and benefit from an advanced trading interface.
Bitfinex provides users with a large selection of digital assets & order types to help our customers optimize their trading strategy.
2. Margin Trading
Bitfinex allows users to trade with up to 3.3x leverage, receiving financing with the help of our margin funding/peer-to-peer financing platform. When opening a Margin position, users can manually enter a funding order to receive the desired amount of financing, at the rate and duration of their choice. Alternatively, users can open a margin trading position and Bitfinex will automatically link them with peer-to-peer funding at the current prevailing rate.
Users can use margin trading to open both long and short positions. To learn more, read up on the basics of Margin Trading before opening your first Margin position.
3. Margin Funding (P2P Financing)
The Margin Funding (P2P) market gives users (lenders) a way to earn interest on their digital assets by allowing them to lend their funds to users (borrowers) who wish to trade with margin. Lenders can offer financing at the rate and duration of their choice, or they can lend at an automatically adjusting rate that we refer to as the Flash Return Rate (FRR). Users can use Bitfinex’s Auto-Renew feature to renew their lending offers automatically once they expire, allowing them to to earn cumulative interest on their digital assets.
Margin funding allows you to earn returns on your funds without the risk associated with trading. If you prefer a low-risk investment strategy then Margin Funding is for you. To learn more, read our Introduction to Margin Funding.
4. Over The Counter Market (OTC)
Bitfinex offers a private OTC Market as an avenue for traders seeking to perform large trades directly with a counterparty, bypassing the public order books. Trades performed via the OTC Market provide access to large liquidity without affecting the exchange market price.