Bitfinex announces a fiat expansion that will see the addition of a number of new crypto-fiat trading pairs, as well as the enabling of deposits and withdrawals in Japanese Yen and British Pound Sterling.
Bitfinex users will now be able to trade through the following fiat pairs:
BTC – BTC/JPY & BTC/GBP
ETH – ETH/EUR, ETH/JPY & ETH/GBP
NEO – NEO/EUR, NEO/JPY & NEO/GBP
EOS – EOS/EUR, EOS/JPY & EOS/GBP
IOTA – IOTA/JPY & IOTA/GBP
In addition to the fiat pairs outlined above, we will also be opening our doors to both the Japanese Yen (JPY) and British Pounds (GBP). This is a marked expansion of our service offering to cater for a growing global trading community and increased engagement with a number of international monetary markets. Deposits and withdrawals for both JPY and GBP have been enabled today, as have funding markets for both.
The addition of these new trading pairs to Bitfinex will facilitate improved accessibility and convenience for traders, unlocking greater levels of liquidity for the exchange and the cryptocurrency market as a whole. The introduction of a greater number of crypto-fiat trading pairs, and the subsequent reduction of the reliance upon BTC as a medium of exchange, will work to greatly benefit traders while reducing the associated costs — in terms of both time and money — of trading digital assets.
“We are very pleased to add to our selection of fiat offerings and to do our part in making cryptocurrencies more globally accessible. We are making a strong push for improved transparency and worldwide regulatory collaboration, and our ability to add support for these markets is a strong win on that front.”
– JL van der Velde, Bitfinex CEO
The addition of new crypto-fiat trading pairs serves to further develop, mature and expand our offering whilst increasing our capacity to provide a professional service for traders within the global cryptocurrency sector.