Bitfinex has announced a fiat expansion that will see the addition of new crypto trading pairs, that will enable deposits and withdrawals in Japanese Yen [JPY] and British Pound Sterling [GBP].
The list of the added pairs are as follows :
- 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
Bitfinex claimed that it is an expansion of their service offering to cater for a global trading community with increased engagements in a number of international markets. This has come amidst news that Bitfinex has planned to move shop to Switzerland.
Jean-Louis van der Velde, CEO at Bitfinex, confirmed this by saying
“We are looking for a new home for Bitfinex and the parent company iFinex, where we want to merge the operations previously spread over several locations.”
Bitfinex has already met with key members of the Swiss government regarding a potential move and has been met with optimism.
A local entrepreneur added:
“It would be sensational if an actor of this size and importance should decide for Switzerland”
They have indicated that the addition of these trading pairs to Bitfinex will facilitate improved accessibility and be convenient for traders. They have stressed on the reduction of reliance of BTC, which trumps as a medium of exchange by introducing a large number of cryptocurrency and fiat trading pairs. This is expected to reduce costs in terms of time and money in trading digital assets.
The company’s CEO, JL van der Velde had the following to say about today’s announcement:
“We are very pleased to add to our selection of fiat offerings and to do our part in making cryptocurrencies more globally accessible. We are making a strong push for improved transparency and worldwide regulatory collaboration, and our ability to add support for these markets is a strong win on that front.”
The addition of the new trading pairs is expected to develop, mature and expand the offering of Bitfinex while increasing its potential at a global level.
The post Bitfinex announces additional crypto trading pairs for Bitcoin [BTC], Ethereum [ETH], NEO, EOS, and IOTA appeared first on AMBCrypto.
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