Bitfinex removes $10,000 minimum equity requirement

09 Apr, 2019
by Alberto Arnaldo
Exchange
Bitfinex removes $10,000 minimum equity requirement

After creating the requirement of $10,000 in minimum equity for opening accounts from the 1st of January of 2018, Bitfinex appears to be turning back on its plans.

According to the exchange, the update gives an answer to increased demand over the last 6 months, a sign that the sector is starting to prepare for another bull run.

The modification will not come alone, as other improvements include an upgraded support center, a new KYC portal and a sentiment token information site.

Jean-Louis van der Velde, Bitfinex CEO, commented on their latest decision in the following way, according to a post on the company´s blog:

“We simply could not ignore the increasing level of requests for access to trade on Bitfinex from a wider cohort than our traditional customer base. For the last six months, we have been working hard to ready our platform for a new wave of customer accounts and are now in a position to open Bitfinex to a wider audience. By dropping our minimum equity requirement, the only limits are now set by the traders themselves.”

Read more: Bitfinex App now available for Android and iOS; US governments returns 27.7 BTC to Bitfinex following 120K Bitcoin hack

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Read more about: Bitfinex

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