Cosmos (ATOM) Available As Collateral On Bitfinex Borrow After Poll Win Date
15/04/2021
Bitfinex, a state-of-the-art digital token trading platform, has added Cosmos (ATOM) as collateral on Bitfinex Borrow, the platform’s peer-to-peer (P2P) digital token loan portal, after it was successful in a social media poll.
The majority of Bitfinex’s growing community chose ATOM, the native cryptocurrency for Cosmos’s decentralized network enabling data exchanges between different blockchains. The token garnered 55.65% of the vote in a recent social media poll.
“We’re delighted to add ATOM to the suite of digital tokens available on Bitfinex Borrow after its poll success across our social channels,” said Paolo Ardoino, CTO at Bitfinex. “We anticipate a ready uptake for ATOM on Bitfinex Borrow, a service growing in popularity among our active user base.”
IOTA Added As Collateral On Bitfinex Borrow After Popular Vote Date
05/03/2021
Bitfinex, a state-of-the-art digital token trading platform, has added IOTA as collateral on Bitfinex Borrow after it was successful in a recent social media poll.
An overwhelming majority of Bitfinex’s growing community opted for IOTA, with the token gathering 87.6% of the votes in a social media poll.
“Our customers have spoken,” said Paolo Ardoino, CTO at Bitfinex. “IOTA’s success in our recent social poll is a testament to its enduring popularity and track record for innovation in the field of distributed ledger technologies.”
Bitfinex customers can now obtain loans of up to 70% of the value of their IOTA holdings in US Dollars (USD). Borrowers will have to manage their own risk of fluctuations in the IOTA price.
Bitfinex Launches Increase Position And Bitfinex Borrow Features For Paper Trading Date
18/02/2021
Bitfinex, a state-of-the-art digital token trading platform, has launched Increase Position and Bitfinex Borrow features for paper trading, enabling users to explore and better understand these features in a simulated market environment without the use of real funds.
Users can now choose the Increase Position feature to create or increase a margin position, adding exposure without the need for additional trading, in their paper trading sub-accounts. This allows users to maintain their exposure to a digital token such as bitcoin, while adding liquidity to their portfolio which could then be used for further trading strategies.
<p><span>Bitfinex, a state-of-the-art digital token trading platform, has increased the maximum leverage for margin trading on the bitcoin, US Dollar pair to improve the user experience of the exchange’s growing customer base.</span></p>
Bitfinex Borrow Adds Tezos (XTZ) As Collateral Date
16/02/2021
Bitfinex, a state-of-the-art digital token trading platform, has added Tezos (XTZ) as collateral on Bitfinex Borrow, a peer-to-peer (P2P) digital token loan portal.
Bitfinex customers will be able to obtain loans of up to 70% of the value of their XTZ holdings in US Dollars (USD). At the date of this announcement, the borrowing rate for XTZ was 1.288% Annual Percentage Rate (APR).
“We’re pleased to welcome the Tezos community to our highly liquid peer-to-peer lending markets,” said Paolo Ardoino, CTO at Bitfinex. “We anticipate great interest from Tezos holders in using Bitfinex Borrow to obtain a personal loan.”