Bitfinex Launches Ethfinex Trustless Decentralized Exchange

Bitfinex has launched a new decentralized platform for crypto trading named Ethfinex Trustless based on its hybrid platform Ethfinex.

As the exchange’s message says, Ethfinex Trustless is aimed at eliminating the problems inherent in centralized exchanges, such as delays in input/output of funds, long answers from technical support and the possibility of loss of assets as a result of hacker attacks.

“Ethfinex seeks to open a new era of digital asset trading – an era when security, confidentiality, and liquidity are in the hands of the user,” was said in the press release.

The new site will allow you to make crypto transactions without going through registration and providing personal data. Also, Ethfinex Trustless will provide access to the trading logs of Bitfinex and Ethfinex, thereby eliminating liquidity constraints.

To connect to the platform, you can use the following wallets: MetaMask, Ledger, Trezor, and Keystore.

First time trading pairs with Ethereum, OmiseGO, Tether, and 0X will be available on Ethfinex Trustless. If the launch of the site is successful, Ethfinex Trustless will flood 40 more tokens, including pairs with the Dai cryptocurrency, and transfer the exchange to 0x V2 smart contracts.

Also, representatives of Bitfinex reported that owners of the Nectar (NEC) token will be able to make decisions regarding the functioning of the site and its future, including taking part in voting for the listing of tokens.

To do this, within the first two weeks after the launch of the exchange, users will need to have at least 1 NEC in their Ethereum wallet.

“This access token ensures that we have some information about who is using the platform, and allows us to immediately provide support if there are unexpected problems,” was stated in the press release.