Monday March 08, 2021
Bitcoin (BTC) $50,514.00   Ether (ETH) $1,724.02
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Crypto Exchanges

Ethfinex evolves into DeversiFi for an improved decentralized exchange

Ethfinex Trustless will officially become DeversiFi today, August 13th

Published by CryptoNinjas.net
08/13/2019
Ethfinex evolves into DeversiFi for an improved decentralized exchange

Ethfinex Trustless, the hybrid Ethereum exchange platform launched by Bitfinex in mid-2018, is evolving into DeversiFi, an improved decentralized exchange where traders can execute orders of any size directly from the security of their private wallet, whilst accessing the liquidity of large existing exchanges.

“Ethfinex Trustless has successfully scaled to the point where users can expect the same performance as that of existing large exchanges, but with additional benefits in terms of security, privacy, and control. We see DeversiFi as a necessary next step forward towards our goal of empowering traders through fast convenient and self-managed decentralized financial technology.”
– Will Harborne, CEO of DeversiFi

DeversiFi will be launching new products and features, as well as investing in decentralized exchange technology, to better serve the needs of the rapidly growing DeFi (Decentralized Finance) community.

Traders of Ethfinex Centralized will be able to trade on DeversiFi by withdrawing their tokens to a privately owned wallet.

Users who do not wish to withdraw their funds from Ethfinex Centralized will automatically be moved to Bitfinex once Ethfinex Centralized closes its doors come September 2019.

DeversiFi will be leveraging one of the first decentralized margin lending protocols, bZx Fulcrum, to provide high-speed decentralized margin trading. It allows traders to lend directly within the DeversiFi interface.

Other highlight features include on-chain settlement, high liquidity, high-speed execution, minimized hack risk, private trading without Know-Your-Customer (KYC) processes and fast deposits and withdrawals.

“We believe in working towards a fair and accountable economic system that is open to everyone, and see DeversiFi enabling a new era of digital asset trading which empowers users by putting power back into their hands with trustless trading solutions,” said Harborne.

Ethfinex’s ERC20 exchange token Nectar (NEC) is also being overhauled to put it at the center of the DeversiFi platform, as the technology, community needs, and governance processes have matured since the token’s inception in 2017. Further details will be made available at the upcoming Governance Games event on August 21st, 2019 in Berlin.

“It is incredible what the Ethfinex team has been able to achieve in such a short time. There is no decentralized exchange in the market that offers the same liquidity as existing large exchanges. We think that DeversiFi is on the right path to facilitating the transition to a decentralized financial world and look forward to seeing their offering develop over the coming months.”
– Paolo Ardoino, CTO of Bitfinex

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

DeversiFi (previously Ethfinex) overhauls exchange governance token
Crypto Exchanges

DeversiFi (previously Ethfinex) overhauls exchange governance token

09/20/2019
Over the counter (OTC) trading now live on Ethfinex Trustless
Crypto Exchanges

Over the counter (OTC) trading now live on Ethfinex Trustless

06/03/2019
Ethfinex and Bitfinex launch new token sale platform Tokinex
Token Offerings/Listings

Ethfinex and Bitfinex launch new token sale platform Tokinex

05/21/2019
ERC20 exchange ecosystem Ethfinex migrates to 0x V2
Crypto Exchanges

ERC20 exchange ecosystem Ethfinex migrates to 0x V2

03/07/2019
Ethfinex decentralized exchange integrates Portis wallet
Crypto Exchanges

Ethfinex decentralized exchange integrates Portis wallet

01/05/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
Creators of crypto wallet Exodus files with SEC to allow purchase of its stock with bitcoin

Creators of crypto wallet Exodus file with SEC for $75M public offering

03/03/2021
SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

03/02/2021
Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

03/01/2021
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

03/04/2021
Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

03/05/2021
P2P crypto escrow platform Escaroo adds staking function from Moonstake

P2P crypto escrow platform Escaroo adds staking function from Moonstake

03/05/2021
SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

03/05/2021
NFT platform Curio closes seed funding of $1.2M to fuel expansion

NFT platform Curio closes seed funding of $1.2M to fuel expansion

03/05/2021
IOTA token added as collateral asset on Bitfinex Borrow

IOTA token added as collateral asset on Bitfinex Borrow

03/05/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version