Bitfinex 2019: a year in retrospect
2019 has been a great and productive year for the Bitfinex team. We have worked hard to provide our users with the best trading experience while playing our role as one of the foremost exchanges and pioneers in the crypto industry.
As the year draws to a close, now is the perfect time to review what we have accomplished so far and think about how we can better contribute to the wider crypto community.
Here are the highlights of some of our achievements during the year:
- Migration to dedicated servers
Bitfinex migrates from AWS Cloud to dedicated bare metal servers for improved speed, performance and security.
- New launch of the Bitfinex mobile app
After having the mobile app in beta for a while, the new fully functioning Bitfinex mobile app is finally launched; well-equipped for a seamless trading experience on the go.
The powerful on-chain trading platform built on the EOSIO, eosfinex The beta launches, giving users the opportunity to explore, provide feedback, and earn rewards.
- Santiment integration announced
The Santiment integration has made several market insights available on the Bitfinex platform. From general project information such as market capitalization to premium metrics such as MVRV (Market Value – Realized Value), Santiment’s own historical and real-time indicators will no doubt complement your insights and take your trading strategy to the next level.
- Liquid Network integration announced
The integration with the Liquid network, a sidechain-based settlement network, enables faster and more confidential Bitcoin transactions on Bitfinex.
- UNUS SED LEO token launch
The UNUS SED LEO token is launched in a private sale to selected qualified buyers.
- Reporting Framework update
An update of the reporting framework that helps both novice and experienced users navigate the crypto trading space.
- UNUS SED LEO Transparency initiative presented
Bitfinex presents the UNUS SED LEO Transparency Initiative, which is built around a real-time token burn exchange mechanism. Along with it, the LEO Transparency Dashboard that provides real-time visibility into all platform fees collected, and subsequent LEO burns are also launched.
- Bitfinex Liquidation Feed introduced
To improve transparency around leveraged positions on Bitfinex, we present the winding feed providing accurate and timely liquidation updates in an easy to navigate feed.
- Intermediate authentication level enabled
We listened to our customers, with intermediate verification levelUnauthenticated users can upgrade their account and access certain products and services available to verified account holders without having to provide bank account information.
- Introduced the Public Leaderboard
Bitfinex offers our users the chance to shine on the Public classification. Top traders can see their name and see where they stand against the competition.
- Launch of derivatives trading
iFinex Financial Technologies Limited launches a new one derivatives trading platform as an effort to provide comprehensive trading services, including futures and perpetual swaps, to our users and the wider crypto community.
- Bitfinex Token Sales introduced
As part of our efforts to support innovation in the crypto space, Bitfinex is launching the Bitfinex token sale platform that aims to create the best conditions for the long-term sustainable growth of the tokens offered for sale.
- The launch of the Bitfinex affiliate program
We take our role as a pioneer in the crypto industry very seriously. With the Bitfinex Affiliate Program, we want to revolutionize the way the crypto community works by empowering each partner for the efforts they put in to spread the word about crypto.
- Added the Social Connection feature to the Public Leaderboard
The Public classification is no longer just a place to showcase the achievements of traders. With the Social connection feature, all traders can take advantage of the Public Leaderboard. Top traders can increase their Twitter followers, while the others can find on Twitter who they can follow to learn from.
- Bech32 addresses support announced
Bitfinex supports the wider use of Bitcoin by applying SegWit on our platform. The support allows withdrawals, deposits and generating Bech32 addresses.
- Added new full tax report function
Professional traders can generate tax reports on Bitfinex without any hassle with the full tax reporting.
- New compensation plans introduced
We want all our users to take full advantage of our platform. In that vein, Bitfinex is introducing two reward schemes for our users. Affiliates who like or share Bitfinex’s social media posts will receive additional commission multipliers with the Reward for social interaction. Meanwhile, for the developers building trading libraries and platforms, we are offering an exclusive reward for every transaction made through Bitfinex’s APIs with the Reward for developers.
- Honey Framework UI v3 launch
Bitfinex brings it Honey Framework integration to the next level with the launch of the UI v3. The new version allows users to easily create custom order types or event-driven automated trading strategies.
- The Lightning Network integration announced
With the Lightning Network integration, users can immediately deposit and withdraw Bitcoin without having to worry about fees.
- Bitrefill integration announced
Living on crypto is no longer wishful thinking. Bitfinex users can easily purchase digital gift cards directly from their account thanks to the Bitrefill integration.
- Added new payment options
Your favorite cryptos are now just one debit or credit card away on Bitfinex.
- Introducing a color blindness friendly theme
As part of our ongoing commitment to advance cryptocurrency adoption, Bitfinex has a color blind theme. The new theme is specially designed to improve the user experience of customers who struggle to distinguish between red and green elements.
Happy New Year from all of us at Bitfinex! Here is a new year of excitement and achievement. 🥂