Bitfinex ranks as one of the best cryptocurrency exchanges in terms of daily trading volumes. It is also one of the most well-known cryptocurrency trading platforms nowadays catering to traders of all kinds, from beginners to intermediate and advanced traders, institutions, etc.
Based in Hong Kong and founded in 2012 by Raphael Nicolle, the exchange is owned and operated by iFinex Inc. and has managed to profit year after year thanks to the growing trading volumes and user activity on the platform. The exchange handles about $2 billion worth of trades per day with 24-hour trading volumes being worth more than $600 million for its BTC/USD pairing on average. This represents around 6.27% of the entire market and is proof that Bitfinex is among the top cryptocurrency exchanges out there.
What makes Bitfinex different from other cryptocurrency exchanges is the wide selection of coins, trading pairs as well as trading options. This gives Bitfinex the right to call itself the “the world’s most advanced platform for seasoned cryptocurrency traders from all around the world.”
Bitfinex, which is one of the most popular exchanges out there, also launched a new suite of reporting tools that are meant to help users gain greater control over their Bitcoin and altcoin trading activities. The suite will also provide users with useful details into their activities on the platform. Bitfinex also announced that the user interface (UI) of the new suite is based on an approach known as “modern web technology” that focuses on improving the presentation of data and boosting the responsiveness across different user services. Simple and accessible, the new toolkit will allow users to easily and instantly compile an overview of the account information that may be as old as the account itself.