Bitfinex Announces Big Additions For 2020

Bitfinex has announced it will launch options as well as gold-backed Tether.

CTO Paulo Ardoino talked about the additions in a podcast with the BlockCryto. According to CoinHub, he indicated that trading will take off in the first quarter of 2020 hopefully:

“…So our goal is to launch options in Q1 2020. We are working…”

He also spoke about the creation of cryptocurrency gift cards and indicated that the exchange will also offer them next year. This will mean then that Bitfinex is going to enter one of the biggest markets in the world by volume which will also increase the trading volume of the exchange exponentially,

“…So we will be working with a big and well-known partner that provides gift cards…”

He also said:

“… So in order to trade futures on Bitfinex, you have to be verified. And we are excluding, of course, also certain jurisdictions like Canada and few others, because we believe that we want to be really protective of our users….”

He also spoke about the introduction of a gold-backed Tether token but didn’t any details due to the “competition”.  

This article is not intended to be financial advice. As always, do your due diligence before investing, and never invest more than you can afford to lose.

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