Bitfinex has announced the launch of Pulse, a platform that allows its users to exchange ideas and interact with each other to understand the sentiment of the growing trading community.
Knowing this information can be useful, and sharing ideas and information has always been an integral part of trading.
Bitfinex Pulse will be a social network tailored for traders and specifically to meet the demands of those operating in the crypto markets. It will offer the growing community of the exchange’s users the opportunity to take advantage of the information acquired to obtain advantages for their trading activities.
The new social network will allow the exchange’s customers to interact with each other, while allowing verified users to decide whether their “pulses” will be publicly visible, with all clients still being able to publish private pulses.
Each user will be able to choose a nickname with which to share their pulses or rate other users’ pulses, which can also be shared online on Twitter and Facebook.
If desired, they can also simply view the pulses published by other users.
The CTO of Bitfinex, Paolo Ardoino, said:
“As our community of traders continues to grow, Bitfinex Pulse will become a valuable information source, while also being a fun and intuitive way for traders to interact with each other. We have launched Bitfinex Pulse in response to the demand of our users for a professional content distribution platform for traders. Building on the success of the public leaderboard — which has already created crypto icons on Twitter — Bitfinex Pulse will foster the friendship and community spirit that makes Bitfinex a unique place to trade”.
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Furthermore, trading volumes are growing, with an absolute peak reached in mid-March.
In short, the days of the problems caused by the freezing of Crypto Capital’s funds seem long gone, albeit only about a year has passed since then, and its managers must be acknowledged for having overcome them brilliantly, quickly and with evident effectiveness.
The new social network initiative highlights that the objective now is precisely to bring together a real community of users on the exchange, and no longer confine itself to being a mere trading tool.