Bitfinex Launches Beta of Decentralized Exchange Built on the EOS Blockchain

Marco Verch / Flickr

Bitfinex, one of the world’s most popular cryptocurrency exchanges, has officially launched the beta of EOSfinex, a new decentralized exchange (DEX) built on the EOS (EOS) blockchain. Bitfinex and EOS originally announced the EOSfinex project back in February of this year.

According to a launch announcement released in early September, EOSfinex will initially start with EOS/USD, BTC/USD and ETH/USD trading pairs, but the development group notes that the exchange is flexible, allowing for the easy listing of new trading pairs.

The EOSfinex contract initially includes market, limit, immediate-or-cancel and post-only orders. EOSfinex will be leveraged as a research tool for the EOS development team to test scalability, security and general performance of EOS-based decentralized applications.

The release of the exchange beta comes just weeks after Bitfinex launched Ethfinex Trustless, an Ethereum-based DEX. Similar to EOSfinex, the Ethfinex exchange is designed to be completely trustless, meaning that there are no sign-ups, registration or KYC requirements.

EOS currently has a $5.23 billion market cap, making it the 5th largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

More: EOSfinex: An Introduction
Similar: Bitfinex Launches Ethereum-Based Decentralized Crypto Exchange Ethfinex
Photo: Marco Verch / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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