Bitfinex is one of the oldest and largest cryptocurrency exchanges, founded in 2012 in Hong Kong. The platform quickly established itself among professional traders and institutional investors thanks to its high liquidity, wide selection of cryptocurrencies, and advanced trading tools.
History and Key Events
Bitfinex was created with the goal of providing users with a convenient and secure platform for cryptocurrency trading. In 2016, the exchange faced the largest hack at the time, during which approximately 120,000 BTC were stolen. Despite this incident, Bitfinex compensated users for the losses and significantly strengthened its security measures.
Key Development Stages:
- 2017: The introduction of margin trading and the growth of trading volumes led to a significant increase in the exchange's popularity.
- 2018: The launch of the stablecoin Tether (USDT) was an important step in strengthening Bitfinex’s position in the cryptocurrency market.
Impact on the Cryptocurrency Industry
Bitfinex has played a significant role in the development of the cryptocurrency market, offering unique features such as margin trading and a wide selection of cryptocurrency pairs. The exchange was also one of the first to implement two-factor authentication and other security measures.
Security and Innovation
Bitfinex continues to place special emphasis on protecting user funds. Today, the exchange uses advanced technologies for asset storage and data protection, including cold storage and multi-level authentication.
