Following yesterday‘s successful update of the Bitfinex platform, the exchange has introduced two new products, namely two new types of derivatives, the BTCF0/USDt0 and the ETHF0/USDt0.
“Qualified Bitfinex account holders will be able to trade a new hedging product through a derivatives wallet. The product will have USDt-based collateral (unavailable in the rest of the market), up to 100x leverage and isolated margin for individualized risk level.”
The derivatives will be managed by a subsidiary of iFinex, iFinex Financial Technologies Limited registered in Seychelles.
The CTO of Bitfinex, Paolo Ardoino, explained:
“We are excited about the possibilities for creating new, previously unavailable products through our new platform. The new platform expands our ever growing portfolio and cements Bitfinex as a market leader in innovation.”
However, Bitfinex derivatives will not be available to users in the United States, Canada, Switzerland and Seychelles.