Bitfinex Develops Decentralized Exchange called Eosfinex

Bitfinex, the sixth largest crypto exchange by daily trading volume, has announced it will launch a decentralized trading platform. According to a post on Twitter, the new exchange, called 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.”

In a blog post, Bitfinex notes that the platform, to be launched in the upcoming months, will be a high-performance, decentralized exchange built on Eos.io technology. The Hong Kong-based company explains that Eosfinex will be centered on three pillars: decentralization, trust, and performance. The team hopes to deliver complete decentralization through a trustless peer-to-peer trading experience.

Eosfinex will initially list the following pairs: BTC/USD, ETH/USD, and EOS/USD, with more offerings promised in the future. Further elaborating, the developers point out that the exchange contract is flexible and allows for the trading of any token created by a specific trusted contract. “Furthermore, adding a new pair is trivial and can be done by anyone after the trusted contract issues a new tradable token,” the team adds.

source: news.bitcoin.com