IOTA token added as collateral asset on Bitfinex Borrow

​​​​​IOTA is now among 13 tokens available as collateral on Bitfinex Borrow, along with USD, euro, and yen...

IOTA token added as collateral asset on Bitfinex Borrow

Bitfinex, the popular cryptocurrency exchange platform, today announced it has added IOTA as collateral on Bitfinex Borrow; after it was successful in a recent social media poll.

An overwhelming majority of Bitfinex’s growing community opted for IOTA; with the token gathering 87.6%  of the votes in a social media poll.

“Our customers have spoken. IOTA’s success in our recent social poll is a testament to its enduring popularity and track record for innovation in the field of distributed ledger technologies.”
– Paolo Ardoino, CTO at Bitfinex


Customers of Bitfinex can now obtain loans of up to 70% of the value of their IOTA holdings in US Dollars (USD). Borrowers will have to manage their own risk of fluctuations in the IOTA price.

A peer-to-peer (P2P) digital token loan portal, Bitfinex Borrow permits users to borrow funds from other users by using their cryptocurrency or fiat assets as collateral.