Bitfinex announced a fiat expansion that will see the addition of a series of new pairs , as well as the authorization of deposits and withdrawals in Japanese Yen and British Pound. Bitfinex users will now be able to exchange the following cryptocurrency pairs:
BTC – BTC / JPY and BTC / GBP
ETH – ETH / EUR, ETH / JPY and ETH / GBP
NEO – NEO / EUR, NEO / JPY and NEO / GBP
EOS – EOS / EUR, EOS / JPY and EOS / GBP
IOTA – IOTA / JPY and IOTA / GBP
In addition to the fiat pairs mentioned above, Bitfinex will open its doors to both the Japanese Yen (JPY) and British Pounds (GBP). This is a marked expansion of the service offered to meet a growing global business community and greater involvement with a range of international money markets. Deposits and withdrawals for both JPY and GBP were activated today, as were the funding markets for both.
The addition of these new pairs of trading to Bitfinex will facilitate better accessibility and convenience for traders, freeing higher 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 consequent reduction of the use of BTC as a medium of exchange, Bitfinex will work to greatly benefit the operators, reducing at the same time the associated costs – in terms of time and money – of digital goods trading.
“We are very pleased to add to our selection of fiat offers and to play our part in making cryptocurrencies more accessible globally. We are pushing hard to improve transparency and international regulatory collaboration, and our ability to add support to these markets is a strong victory on this front. ”
– JL van der Velde, CEO of Bitfinex
The addition of new pairs of encrypted-fiat trading serves to further develop, mature and expand the offer, while increasing the ability to provide a professional service for operators in the sector of global cryptocurrencies.