Bitfinex announces full on-chain transparency for $16.8 billion in assets

Bitfinex announces full on-chain transparency for $16.8 billion in assets
Bitfinex reveals $16.8 billion assets

Bitfinex reported that it currently has $16.8 billion in tracked assets, stating that this information is accessible for public verification on-chain.

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Bitfinex stated that it currently holds $16.8 billion in tracked assets. According to the company, these asset figures are accessible on-chain and can be verified by anyone. No additional details regarding the nature of the tracked assets or further context were provided in the post.

Bitfinex is a cryptocurrency exchange that offers trading in a wide range of cryptocurrencies and fiat pairs, with margin trading capabilities and leverage up to 1:10 for standard products and up to 1:100 for derivatives. The platform features a proprietary trading terminal with a mobile application, customizable order types, a demo account, investment programs like staking and deposits, and supports bank card transactions for deposits and withdrawals. For more detailed information, see the broker profile on Traders Union.

In our earlier news about Bitfinex, we reported on the broker’s introduction of zero fees for opening and closing margin positions, making margin trading more cost-effective for users. For more information, see the previous Bitfinex update on Traders Union.

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