Ethfinex, the ERC20 based token exchange ecosystem announced that Portis is now integrated for users on their decentralized exchange, Ethfinex Trustless.
The Portis tool allows the average person to trade Ethereum tokens using nothing but smart contracts. That means they can avoid a custodial exchange that might not release their funds or decide to limit their activity in some way.
Launched last year, Ethfinex is a spinoff of Bitfinex. It capitalizes on Bitfinex’s trading engine and customer experience expertise to deliver a liquid and advanced trading platform available for ERC20 tokens and crowd sales.
When registering a Portis account, users create a wallet, which is immediately encrypted client-side with the user-selected password (using AES-GCM). This password never leaves their device.
The Portis servers safeguard only user-encrypted wallets, so users can rest assured nobody but them can access their wallets or sign any transactions without their consent.