Bitfinex On The Rise Amid Surge in New Customer Accounts
Bitfinex On The Rise Amid Surge in New Customer Accounts
February 6, 2021
Bitfinex On The Rise Amid Surge in New Customer Accounts
Bitfinex On The Rise Amid Surge in New Customer Accounts
February 6, 2021

Bitfinex, a state-of-the-art digital token trading platform, has had a 300 per cent increase in new accounts in the first month of 2021 as the exchange charts a course towards becoming the preeminent crypto trading hub.

Bitfinex’s impressive customer growth has been further underlined by a jump in activity by customers using the exchange’s mobile app, with downloads to the app increasing by 164 percent in January. Furthermore, the exchange’s Honey Framework, which enables users to create custom order types or event-driven automated trading strategies, has seen visitors to the framework more than triple.

Bitfinex has already established itself as a leading institutional hub in crypto, offering high-speed, state-of-the-art trading infrastructure. In collaboration with Market Synergy, a specialist low latency connectivity provider, Bitfinex is able to offer proximity hosting services to an increasing number of major market makers from the incumbent financial markets.

The exchange is also resurgent in the retail space as buoyant markets catapult bitcoin towards greater mainstream adoption. Branded searches for Bitfinex increased by 67 percent in January, continuing a trend of sustained month-on-month growth. Bitfinex also appeared 15.4 million times in Google’s search results in January, almost double the previous month, further illustrating Bitfinex’s prominence in the growing crypto community.

ALSO READ :  40 Firms Uses Shanghai’s Blockchain-Powered Notary Platform To Handle Over 3,000 Cases

Paolo Ardoino, CTO at Bitfinex, said:

“Bitfinex is leading the charge in the crypto bull run. The surge in new customer acquisitions and uptake of new services on the platform is underlying the exchange’s place as a first-mover in innovation. It is no surprise that more and more investors are taking note of what we have to offer and starting to trade on the platform. We expect this impressive growth to continue as we enter a new chapter in the exchange’s history.”

Traders on Bitfinex are using algorithmic trading programs to deploy High-Frequency Trading (HFT) strategies such as statistical arbitrage and volatility arbitrage. Furthermore, traders are deploying algorithms on the exchange’s Honey Framework to exploit rapid price fluctuations in bitcoin, Ethereum, and other leading cryptocurrencies. The framework, which integrates natively into the Bitfinex trading platform, also enables traders to backtest market data in order to better inform algorithmic trading strategies.

Furthermore, as holders of digital tokens seek new opportunities to make their crypto work for them, Bitfinex has also seen strong growth in Bitfinex Borrow. The peer-to-peer (P2P) digital token loan portal has recorded a 55 percent increase in new users visiting its landing page in January over December.

ALSO READ :  Hash Rate Of Bitcoin Network Hit New All-Time Highs To Mark Crypto’s Latest Technical Achievement

In recent months, Bitfinex has launched a variety of services to serve the growing cryptocurrency space. These include the Ethereum (ETH) 2.0 staking service, historical order book data on real-time market data feed Bitfinex Terminal, as well as personal loans on Bitfinex Borrow.

Furthermore, Bitfinex is leveraging its position as a one-stop-shop for digital token trading, offering a variety of services, including peer-to-peer financed trading with up to 5x leverage.

About Bitfinex

Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for digital token traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market, and financed trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit to learn more.

Media Contact for Bitfinex

Joe Morgan

Senior Public Relations Manager

ALSO READ :  Emirati Royal Family Endorses And Join Board of Crypto Price Index Project

[email protected]


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.