Bitfinex, one of the world’s most popular cryptocurrency exchanges, has officially launched Ethfinex Trustless, an Ethereum-based decentralized exchange (DEX).
Introducing Ethfinex Trustless – an Ethereum based trading solution placing security, privacy and control in the hands of the user.
Take control of your trading on https://t.co/KjfSyA0C6O.https://t.co/YYdd1b2LE7
— Ethfinex (@ethfinex) September 17, 2018
According to a recent announcement, Ethfinex is designed to be completely trustless, meaning that there are no sign-ups, registration or KYC requirements, allowing investors to trade completely anonymously via direct connections to Ledger and MetaMask without centralized order books.
Over the next two weeks, Ethfinex will require users to hold at least 1 Nectar token (NEC) in their Ethereum wallet in order to trade. This will allow the company to initially monitor user activity to provide support and address any platform bugs.
The initial roll-out will feature trading pairs for Ethereum (ETH), OmiseGo (OMG), and 0x (ZRX), and the company will quickly add 40+ tokens including Dai pairs after this testing period.
The price of NEC is currently up 7.65% on the news and is currently ranked 14th in the AltDex Exchange Token Index (ALTEXC), a benchmark index for the industry’s leading exchange tokens.
More: Introducing Ethfinex Trustless
Similar: Sign of a Reversal? Ethereum (ETH) Volume Hits 52-Week High on Bitfinex
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.