Categories: Cryptocurrency

Bitfinex to launch support for pTokens BTC

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ROAD TOWN, British Virgin Islands, April 24, 2020 – Bitfinex, a state-of-the-art digital asset trading platform, will launch support for deposit and withdrawals of pTokens BTC (pBTC) towards the end of May 2020.

pBTC enables bitcoin to be compatible with the Ethereum and EOS blockchains. The pTokens system makes it possible to move pBTC between the two networks, making the connection between these DeFi ecosystems even stronger.

“We’re excited to support a token by the pTokens project for the very first time,” said Paolo Ardoino, CTO of Bitfinex. “The pTokens solution unchains bitcoin’s liquidity. We welcome more projects operating in DeFi to work with us to make it easier for our users to obtain access to cross-chain liquidity.”

In addition to a growing presence in the nascent DeFi space, Bitfinex is leveraging its position as a one-stop-shop for crypto trading. The exchange offers a variety of services, including margin trading with up to 5x leverage. Bitfinex also offers users access to a perpetual swap contract offering 100x leverage through its affiliate, iFinex Financial Technologies Limited.

About Bitfinex

Founded in 2012, Bitfinex is a digital asset trading platform offering state-of-the-art services for digital token traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and financed trading for a wide selection of digital assets. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.

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