Crypto exchange Bitfinex announces beta launch of EOSfinex

Crypto exchange Bitfinex has announced the beta launch of EOSfinex, a decentralised exchange built on EOSIO technology.

The trading pairs available at launch include EOS/USD, BTC/USD, and ETH/USD. The announcement follows the recent launch of Ethfinex, a hybrid Ethereum-based exchange which allows users to take advantage of both centralised and on-chain trading opportunities.

“We are delighted to be moving forward with EOSfinex, which will allow for increased innovation within EOS, further developing aspects of scalability and performance of exchange platforms,” Paolo Ardoino, Chief Technology Officer at Bitfinex, said. “The EOSIO technology supports high-speed transactions, particularly with high volume trading, which will be a strong advantage for on-chain trading, and proves the potential for digital asset exchanges to continuously develop.”

EOSfinex, with focus on decentralisation, trust, and performance, aims to facilitate peer-to-peer value exchanges in a transparent and scalable manner, thus enabling high-volume blockchain-based trading. It will allow for a peer-to-peer network which will be entirely trustless, that can be viewed by participants around the world.

EOSIO, the underlying technology of EOSfinex, allows for the horizontal scaling of decentralised applications, which in turn enables developers to create high performance distributed applications. Bitfinex said the combination of this technology with its expertise will facilitate the creation of an exchange “where on-chain trading of digital assets can take place rapidly, transparently, securely, and in a scalable manner.”

“This is an important development for both Bitfinex and EOS, as EOSfinex will be a highly-scalable, performance-driven platform, focussed on transparency and decentralisation. With features such as easy scalability and flexibility, EOSfinex will display how trustless on-chain exchange and high-performance can be the expected norm, and how these are vital for the blockchain industry as a whole,” concluded Ardoino.