Bitfinex, one of the world’s largest cryptocurrency exchanges, announced it has teamed up with the blockchain protocol EOS.IO, to launch the high performance decentralized exchange EOSfinex.
The new exchange will combine the scalability and speed of EOS.IO with the financial expertise of Bitfinex and its experience in delivering an “on chain” exchange, to offer a fast, transparent and trustless platform for the trading of digital assets.
“We are excited to leverage EOS.io to further advance the field of high performance and trustless on-chain exchange. Block.one continues to display an unwavering dedication to improving blockchain scalability through the EOS.IO platform and it is our hope that this collaboration will allow significant advancement for all decentralised exchange,” commented J.L. van der Velde, Bitfinex CEO.
Bitfinex claims to be the largest and most advanced cryptocurrency exchange with a daily volume exceeding $1 billion, according to Coinmarketcap. It offers a leverage of up to 3.3 and trading in the major cryptocurrencies such as Bitcoin, Ethereum, Ethereum Classic, Zcash, Monero, Litecoin, Dash, Ripple, as well as numerous smaller altcoins.
EOS.IO is a blockchain protocol published by Block.one. It enables horizontal scaling of decentralized applications, allowing developers to efficiently create high performance distributed applications. Its goal is to process tens of thousands of transactions per seconds, with minimal fees and confirmation times.