Bitfinex launching EOS-based DEX, EOSfinex

15 Sep, 2018
by Richard Allen
News
Bitfinex launching EOS-based DEX, EOSfinex

Hong Kong-based cryptocurrency exchange Bitfinex tweeted recently that it will be launching its own decentralized exchange (DEX) in the coming months.

According to the company’s blog post, EOSfinex will “facilitate a highly-scalable network of peer-to-peer value exchange, unconstrained by borders and built around a foundation of transparency, speed and integrity.” To accomplish this, the DEX is built around three pillars.

The first is decentralization. The team aims to include on-chain order books, matching, and settlement to deliver “a trustless peer-to-peer trading experience.”

The second pillar is trust. The firm aims to create a “transparent and auditable network of peer-to-peer exchange” that can be easily monitored and verified at any time by participants anywhere in the world.

The final pillar is performance. One of the biggest priorities for EOSfinex is high performance with an in-depth understanding of the demands of professional traders. The project states that it “aims to replicate and exceed the current standard of cryptocurrency exchanges to deliver a new standard for decentralized trading.”

Initially, EOSfinex will launch with EOS/USD, BTC/USD, and ETH/USD trading pairs “in order to swiftly expand with a more comprehensive token offering.” Furthermore, the exchange contract is “flexible”  which allows anyone to add new tokens.

 The beta version will launch at Blockchain Live in London on September 26.

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Read more about: EOS (EOS) Bitfinex

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