Pro traders were forced to cut their losses after margin and futures markets became over-leveraged, creating a potential entry point for bullish buyers.
The Bitfinex exchange is a popular platform for exchanging cryptocurrencies, also hosting spot and derivatives trading as well as certain lending, borrowing and staking features. Bitfinex came into existence in 2012. Bitfinex fees for spot trading are 0.10% for maker orders and 0.20% for taker orders. For derivatives trading, maker orders give customers a 0.02% rebate, while taker orders incur a 0.075% fee. Trading fees vary for each customer based on their trading volume and activity. Bitfinex also has its own utility crypto token called Unus Sed Leo (LEO). Because it restricts a number of regions, Bitfinex U.S. customers are not allowed. On Bitfinex, KYC and Anti-Money Laundering procedures are employed.
Back in 2016, there was a Bitfinex hack in which 119,756 Bitcoin (BTC) was stolen. Back then, 119,756 BTC was valued at about $72 million total.
Decentralized technologies are playing a vital role in onboarding new investors to the crypto and Web3 ecosystem.3177
Paolo Ardoino, chief technology officer of Bitfinex and Tether, made the case that Tether is a tool for human rights during the World Economic Forum in Davos, Switzerland.1612
A key derivatives metric used by margin traders has hit a record-high, but there’s plenty of risk and a catch to consider.6374
The list is curated after studying the drawdowns of the top 30 crypto assets by market cap from their record highs.10609
“It was clear to me, it was clear to many that I know that it was a bad idea,” said Tether and Bitfinex CTO Paolo Ardoino.8643
Crypto thought leaders from major exchanges share insights and analysis on Turkey's burgeoning cryptocurrency landscape.4075
Bitfinex and Tether chief technology officer Paolo Ardoino spoke to Cointelegraph about cryptocurrency adoption in Europe.6180
El Salvador’s President Nayib Bukele publicly called out Reuters for spreading “FUD” about delays in the country’s $1 billion volcano bond.5872
The crypto community stands up for the rights of ordinary Russians amid hundreds of businesses leaving the country, but the final decision is up to regulators.4278
While the Bitcoin mining trading is fading in Kazakhstan, Bitfinex debuts its STO platform with a BTC mining-related token.2262
Law enforcement’s robust capacity to follow the money on the blockchain is good news for the crypto industry.5164
What happened with the Bitfinex hack? What does it mean now that the U.S. has the Bitcoin? Why is LEO token mooning and why is Netflix involved?4351
The judge ordered pre-trial detention for Ilya Lichtenstein claiming he had the motive and the resources to flee and could become a flight risk.3192
The token surged almost 70% in a day after the DOJ announced that it had recovered most of the stolen funds from the 2016 Bitfinex hack.2561