Cryptocurrency exchange Bitfinex said it will receive $189 million worth of Polygon's MATIC tokens to sponsor enhanced staking rewards for users.According to a blog post, Bitfinex will receive 90 million MATIC for the new staking program. Polygon is a "layer 2" scaling tool for the Ethereum blockchain, designed to speed up and reduce the cost of transactions.At press time, … [Read more...] about Polygon to Delegate $189M Worth of MATIC to Bitfinex for Staking
Bitfinex
Crypto Exchange Bitfinex Tells Ontario Customers to Close Accounts
Cryptocurrency exchange Bitfinex said customers based in Canada’s most populous province will no longer have access to any services beginning March 1. No reason was given for the move.Bitfinex told its Ontario customers they should withdraw their funds on or before March 1.Beginning today, customers without account balances will have their accounts closed. Those without open … [Read more...] about Crypto Exchange Bitfinex Tells Ontario Customers to Close Accounts
Bitfinex Derivatives launches perpetual swaps for Shiba Inu and OMG Network
Bitfinex Derivatives, a derivatives platform accessible through Bitfinex, yesterday announced the launch of perpetual contracts for Shiba Inu (SHIBF0:USTF0), OMG Network (0MGF0:USTF0), Bitcoin and Euro Tether (BTCF0:EUTF0), and Ethereum and Euro Tether.The pairs go live next month. Shiba Inu and OMG Network contracts will be settled in Tether tokens (USDt). BTCF0:EUTF0 and … [Read more...] about Bitfinex Derivatives launches perpetual swaps for Shiba Inu and OMG Network
Avalanche-issued Tether tokens (USDt) are now trading on Bitfinex
Tether tokens (USDt) are now available on Avalanche, a decentralized smart contracts platform built for the scale of global finance and business, as per a release shared with CryptoSlate. Avalanche is designed as a highly scalable ecosystem, with the aim of delivering near-instant transaction finality while levying low transaction fees. It is compatible with Ethereum smart … [Read more...] about Avalanche-issued Tether tokens (USDt) are now trading on Bitfinex
Bitcoin price set to rebound? BTC shorts on Bitfinex crash by 25% after record spikes
Bitcoin (BTC) bears should watch out for a potential blow as the number of margined short positions on the Bitfinex exchange crashes by roughly 25%.The dataset dropped to 11,066 BTC as of 12:20 GMT Saturday, compared to 14,897 BTC at the session's open. Meanwhile, the drop came as a part of a bigger downside move that started on July 15. On the day, the total number of margined … [Read more...] about Bitcoin price set to rebound? BTC shorts on Bitfinex crash by 25% after record spikes