Bitfinex, a digital asset trading platform, announced on Tuesday the launch of its new and improved mobile app. The description of the app reads:
“Bitfinex provides advanced services for cryptocurrency traders and liquidity providers. Traders enjoy real-time exchange trading and margin trading while liquidity providers can enjoy the world’s largest peer to peer crypto financing market. Now you can stay connected, trade, and get notifications directly from your device.”
Bitfinex’s app features including the following:
- Exchange and Margin Trading
- Charts
- Margin Funding
- Transfer between wallets
- New deposit
- Last movements (deposits/withdrawals)
- Notifications on trades execution
- Price alerts
- Reports: track historical movements and ledgers
The launch of the mobile app comes just a little over a month after Bitfinex announced it has opened margin trading for USDT/USD pair to improve its stablecoin offering in line with market evolution and consumer demand. The platform revealed in a blog post:
“At Bitfinex we work tirelessly to ensure our platform reflects the needs of professional traders, offering market differentiating order types for unique trading strategies. Today, adding margin trading on USDT/USD pair will not only allow for more efficient price discovery, but in an important move for risk management, unlock the ability to hedge the exposure taken on stablecoins. Along with a dedicated lending market, USDT will be available as collateral for margin positions.”
Bitfinex also reported stablecoin margin trading is currently limited to USDT/USD, but as part of our commitment to providing a coin agnostic platform there are plans to introduce margin trading for the other major stable coin pairings when sufficient liquidity is reached.