Bitfinex is a cryptocurrency trading platform, owned and operated by iFinex Inc. which is headquartered in Hong Kong and registered in the British Virgin Islands. Research suggests that price manipulation of bitcoin on Bitfinex accounted for about half of the price increase for bitcoin in late 2017.
In 2015 the exchange’s customers were hacked, losing about $400,000, and in 2016 about $73 million more was stolen from its customers’ accounts. The exchange’s access to U.S. dollar payments and withdrawals has been curtailed.
Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers.
Founded in 2012, Bitfinex was one of the first professional platforms set up to accomodate for the booming interest in cryptocurrency trading. Since then, the team has gained invaluable experience whilst cementing their spot as the go-to platform for digital asset traders and institutions.
In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital assets. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world.
Tether (USDT) is a cryptocurrency which Tether Limited claims is pegged to the US dollar. Tether is closely associated with Bitfinex, with whom they share common shareholders and management.