Bitfinex and Koine launch a new product for the market at the institutional level
The Seychelles-based company Bitfinex and in the UK regulated Partner Koine launch new product as a Depositary service to protect against counterparty risks.
Bitfinex and its London Partner Koine, a crypto-custody service providers, communicate to, you will bring together a new crypto service at the institutional level to the market
The new, on Wednesday (13.05.) given product to provide customers with access to a “institutionally-oriented” offering. Customers should be able to your assets without having the threat of counterparty risk to life.
Furthermore, customers of the UK platform operator will have access to a so-called “Post-Trade Service”, by which they are to be protected in their exchange transactions against credit risks on the one hand, and the risk of insolvency on the other.
For customers of Koine with a private Bitfinex account, this means in clear text that you get when in the British virgin Islands registered partners have access to a credit line. This can be in connection with the holdings in crypto-currencies such as Bitcoin or Ethereum to use.
By the Bitfinex partnership with the UK regulator Financial Conduct Authority (FCA), in turn, the regulated company can be considered as the operator of the cryptographic stock exchange iFinex now major investors courting, interested in offers of “institutional quality”. The new Format is especially designed to secure customer retention has been developed.
Bitfinex CEO Paolo Ardoino, sees the collaboration as “a further important step on the way to the extensive participation of institutional participation in the crypto-trade market”.
According to Coine CEO Hugh Hughes, the co-operation “a contribution to the provision of new resources for the crypto stock market”. For Koine itself, the partnership is of great importance.
Greater institutional participation could be achieved through the partnership with Bitfinex as one of the leading crypto exchanges on the market, as Hughes adds. The expected massive capital inflows could subsequently help the entire market to new growth. Could benefit also, and especially, “algorithmic traders” of the increasing systemic efficiency.
Koines depot solutions are addressed to investors, which are within the systems of the partner brokers and exchanges “secure storage and processing within milliseconds is particularly important.”
Institutional investors can obtain thanks to a provider’s billing in real-time, which values both for digital assets, as well as Fiat funds ‘ holdings is.
To use the security model “Digital AirlocksTM comes to the company”. The same without the traditionally used Cold-Storage systems, and Hot-Wallets-store. Here is a typical crypto will be excluded risk, the customers of many of the exchanges otherwise been met. The reason for the risks to the protection of assets used for private keys, which can quite be, or of cyber criminal steals a loss.
Only last week, the stock exchange Bitfinex has launched a new derivative product, which refers to the Bitcoin Dominance Index. Investors will be able to pull through the Tool Profit from rising or falling values in the “Bitcoin dominance index”.According to the company said BTCDOM contracts of lower volatility are characterized as contracts to the actual crypto price.
The mentioned Bitcoin Dominance Index is based on the comparison of the trading volumes of a total of seven crypto-currencies, which are part of the most liquid trading pairs on the market and therefore an important scale. Are represented, for example, Ethereum (ETH), Ripples XRP, and Litecoin (LTC)
In addition, the new stock exchange service has launched in the past month, “Pulse”, the users-as-Social-Trading-platform-enables a lively exchange of trading ideas and strategies.
