Bitfinex News

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.

Market Analysis
Bitcoin short positions at Bitfinex soared as BTC price dropped below $40,000, so why did the majority of them close before the largest part of the correction?
Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K
Marcel Pechman
Kraken, Bitfinex and KuCoin could become the next major crypto exchanges to attempt to service India’s estimated 15 million crypto investors.
Crypto exchange giants mulling India foray despite regulatory uncertainty
Osato Avan-Nomayo
Market Analysis
The latest rally in BTC shorts is similar to what appeared ahead of the Elon Musk-led May 19 market crash.
Bears batter Bitcoin market sentiment as Bitfinex margin shorts surge 378%
Yashu Gola
Coinbase seems to be signaling that the Nasdaq-listed crypto exchange is not concerned about the stablecoin's regulatory issues.
Tether gets Coinbase’s seal of approval, will list on pro offering
Helen Partz
Expert Take
As seen in the case of AA v. Bitfinex, targeting a crypto exchange over stolen funds is a high-risk, low-reward proposition.
The perils of suing crypto exchanges after ransomware attacks
Guest Authors
While the hacker will find selling their BTC difficult, the transfers may be contributing to a volatile day in the markets.
Over 10,000 blacklisted BTC from 2016 Bitfinex hack on the move
Andrew Thurman
The market’s leading stablecoin, USDT, reached another major milestone as crypto demand continues to grow.
Tether market cap surpasses $40B, growing 10x over 12 months
Sam Bourgi
Honey Framework users have more than tripled, according to Bitfinex. Paper trading allows them to test their strategies without risking real capital.
Bitfinex users can now paper trade their custom algo strategies
Sam Bourgi

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