About Bitfinex
What is Bitfinex?
Bitfinex is one of the oldest and most established cryptocurrency exchanges in the industry. Launched in 2012 and operated by Hong Kong-based iFinex Inc., Bitfinex has built a reputation as a premier platform for professional traders and institutional investors. The exchange is notably linked to Tether (USDT), the world's largest stablecoin by market capitalization, which is also managed by iFinex Inc.
This centralized exchange (CEX) supports both fiat currencies and cryptocurrencies, offering high liquidity for major trading pairs like BTC (Bitcoin), ETH (Ethereum), and XMR (Monero). Security features include two-factor authentication (2FA) and IP address monitoring to protect user assets.
Bitfinex caters to advanced traders with services such as:
- Margin trading (up to 10x leverage)
- Margin funding
- Peer-to-peer financing
- OTC trading
- Bitfinex Borrow (loans)
- Bitfinex Pay (merchant services)
- API access
- UNUS SED LEO token (native utility token)
Who Founded Bitfinex?
Bitfinex was co-founded in 2012 by:
- Raphael Nicolle: Originally an IT technician and Bitcoin enthusiast who developed Bitfinex based on Bitconica's open-source code.
- Giancarlo Devasini: Current CFO with a medical degree who transitioned into tech entrepreneurship before joining Bitfinex to manage trading and risk operations.
Where is Bitfinex Located?
- Registered in the British Virgin Islands
- Headquarters in Hong Kong
Restricted Countries
Bitfinex restricts access for users from:
- Iran, North Korea, Cuba, Syria, Crimea
- Donetsk/Luhansk People's Republics
- United States, Canada, British Virgin Islands
- Venezuela, Austria, Italy
Supported Cryptocurrencies
Bitfinex supports 270+ cryptocurrencies across multiple trading pairs, including:
| Major Coins | Stablecoins | Altcoins |
|---|---|---|
| BTC (Bitcoin) | USDT (Tether) | SOL (Solana) |
| ETH (Ethereum) | EURT | LTC (Litecoin) |
| XRP | USDC | XMR (Monero) |
| EOS | DOGE (Dogecoin) |
Fee Structure
Bitfinex employs a maker-taker fee model:
| Transaction Type | Maker Fee | Taker Fee |
|---|---|---|
| Spot Trading | 0.10% | 0.20% |
| Derivatives Trading | 0.020% | 0.065% |
Fee Discounts: Holders of UNUS SED LEO tokens receive 15-25% discounts on trading fees.
Trading Volume and Market Data
Top 5 Markets by Volume (24h)
| Rank | Pair | Price | Volume (24h) |
|---|---|---|---|
| 1 | ETH/USDT | ¥18,307.50 | ¥192M |
| 2 | BTC/USDT | ¥781,259.67 | ¥190M |
| 3 | USDT/USD | ¥7.17 | ¥128M |
| 4 | BTC/USD | ¥782,022.24 | ¥104M |
| 5 | ETH/USD | ¥18,324.80 | ¥70M |
👉 Explore more trading pairs on Bitfinex
Wallet Balances
Top wallets with balances >$500,000:
| Token | Address Fragment | Balance | Value (¥) |
|---|---|---|---|
| BTC | bc1qgd...jwvw97 | 130,010.08 | ¥101.5B |
| LEO | 0xC61b...CE193C | 648M | ¥41.98B |
| ETH | 0xC61b...CE193C | 318,063.76 | ¥5.82B |
Data may experience slight delays
FAQ
1. Is Bitfinex safe to use?
Yes, Bitfinex employs industry-standard security measures including 2FA, cold storage, and IP monitoring. However, users should always enable all available security features.
2. What makes Bitfinex different from other exchanges?
Bitfinex specializes in:
- Professional-grade trading tools
- High liquidity for BTC/ETH pairs
- Margin trading with P2P financing
- OTC services for large transactions
3. How do I reduce trading fees on Bitfinex?
Hold UNUS SED LEO tokens to receive fee discounts of 15-25% on all trades.
4. Can US citizens use Bitfinex?
No, Bitfinex currently restricts access for US-based users due to regulatory requirements.
5. What's the minimum deposit amount?
Minimum deposits vary by cryptocurrency. Most have no minimum, while fiat deposits typically require at least $10,000 for wire transfers.
👉 Learn more about Bitfinex's features
Conclusion
Bitfinex remains a top choice for professional traders seeking liquid markets, advanced trading tools, and diverse financial products. While its interface may be complex for beginners, experienced crypto traders will find its feature set unparalleled among centralized exchanges.
All data accurate as of latest update. Prices and volumes fluctuate continuously in cryptocurrency markets.