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Bitfinex

Silver Partner

Exchanges

Exchange

Taipei, Taiwan

Founded 2012

51-250

Bitfinex is a crypto exchange, offering advanced trading tools, deep liquidity, and digital...

Bitfinex Overview

Bitfinex is a long-running centralized cryptocurrency exchange operated by iFinex Inc., offering spot trading, derivatives, margin trading, lending, and over-the-counter (OTC) services for digital assets. Founded in 2012 and registered in the British Virgin Islands, the platform targets professional traders and institutional market participants, emphasizing deep liquidity, advanced order types, and low-latency execution across a wide range of trading pairs.

Bitfinex describes itself as a digital asset trading platform for "global liquidity providers," providing order-book markets and financing tools for crypto assets, stablecoins, and select fiat currencies. It supports a range of products, from basic spot trading in assets such as Tether, the issuer of the USDT stablecoin tracked on CryptoSlate's Tether (USDT) asset page. Both entities share a common parent company, iFinex, making Bitfinex a central venue for USDT liquidity and trading.

Bitfinex launched in 2012 as a peer-to-peer Bitcoin exchange and gradually expanded its asset coverage and feature set to include a broad range of cryptocurrencies and leveraged products. Over time, it became one of the earliest "professional grade" exchanges in the industry, attracting market makers and active traders with margin trading, lending, and an integrated funding market.

The exchange has also faced significant challenges. In August 2016, Bitfinex suffered a major security breach in which approximately 120,000 BTC were stolen from customer accounts. In response, the company implemented a socialized loss mechanism, reducing all user balances by a fixed percentage and compensating customers with BFX tokens that could be redeemed or converted into equity.

Within months, Bitfinex reported that it had redeemed all outstanding BFX, restoring affected users and allowing the platform to continue operating as a going concern.

Bitfinex operates globally but restricts access for users in certain jurisdictions, including New York, in line with regulatory settlements. In 2021, iFinex (the parent company of Bitfinex) and related entities reached a settlement with the New York Attorney General's office concerning allegations related to the handling of funds associated with Tether and access for New York customers. The agreement included a monetary penalty and ongoing reporting obligations, while Bitfinex...

Frequently Asked Questions About Bitfinex

Bitfinex is an exchange company. Bitfinex is a crypto exchange, offering advanced trading tools, deep liquidity, and digital...

Bitfinex is a crypto exchange, offering advanced trading tools, deep liquidity, and digital asset trading.

Bitfinex has been operating since 2012. You can verify their legitimacy through their official website and social media presence.

Bitfinex operates in the exchanges sector of the cryptocurrency industry. Compare Bitfinex with other exchange companies on Crypto News Navigator to evaluate services, features, and reputation before making your decision.

Before using Bitfinex, research their track record (operating since 2012), verify their regulatory compliance, read user reviews, and understand their fee structure. Never share your private keys with any service, and start with small amounts until you are comfortable with the platform.

Safety depends on multiple factors including regulatory compliance, security practices, and track record. Bitfinex is based in Taipei, Taiwan, has been operating since 2012. Always enable two-factor authentication, use strong passwords, and never store large amounts on any third-party platform.

Bitfinex is based in Taipei, Taiwan, Asia.

Bitfinex was founded in 2012. The company currently has 51-250 employees.

Bitfinex Details

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More About Bitfinex

Work Model Details

Fully remote and distributed team operating globally.

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