New non-custodial EOSfinex version opens access to Bitfinex liquidity

EOSfinex developers have launched a beta version of a completely redesigned platform on the mainnet. Its users will gain direct access to the liquidity of the Bitfinex cryptocurrency exchange.

We’re very excited to announce the launch of the eosfinex beta version on the #EOS mainnet, making @bitfinex liquidity available directly to #EOSIO wallets. Trading will open tomorrow at 11.30am UTC. Join us!#DeFi #dapp #EOSIO pic.twitter.com/iITVY6K82A

— eosfinex (@eosfinexproject) October 7, 2020

In addition to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Tether (USDT), the new version of the platform enables high-volume trades at market prices with tokens such as Equilibrium (EOSDT), LiquidApps (DAPP), Everipedia (IQ) and the so-called pTokens.

EOSfinex uses the EOSIO technology and allows placing trading orders off-chain, while custody and settlements remain on the network. This increases transaction speeds without compromising security.

EOSfinex will use three levels of user account verification and will not require identity verification for daily trading volumes under $7,500 per day.

Trading is scheduled to begin at 11:30 UTC on October 8.

EOSfinex plans to stake on behalf of clients, which will help offset users’ trading fees. This initiative is also aimed at boosting liquidity in the EOS ecosystem.

The first information about EOSfinex appeared as early as 2018. After several delays, its initial version was launched in July 2019. Subsequently, the developers decided to overhaul the platform. The result of these efforts is today’s launch.

Earlier, Brendan Blumer, the head of Block.one—the company behind the EOSIO protocol—predicted a shift of DeFi projects from Ethereum to EOS.

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