Bitfinex is the leading cryptocurrency exchange and the world’s largest exchange by volume for trading bitcoin against the US Dollar (USD). Several unrivaled products fuel Bitfinex's market dominance:
At the heart of Bitfinex are central limit order books for cryptocurrencies. Users can exchange bitcoin and other cryptocurrencies against US Dollars and bitcoin.
Bitfinex also provides a suite of order types to help our customers optimize their trading strategy. Read more: What types of orders does Bitfinex offer?
Bitfinex allows users to trade with up to 3.3x leverage by receiving financing from our peer-to-peer financing platform. When opening a financed trading position, users can manually enter a funding order to receive the desired amount of financing at the rate and duration of their choice, or they can simply open a margin trading position and the Bitfinex platform will automatically link them with peer-to-peer funding at the current prevailing rate. Read more: How do I open a Margin position?
The financing market provides users with a way to earn interest on their USD, BTC, ETH, ETC, BFX, ZEC, and LTC balances by allowing them to lend their funds to other users wanting to trade with financing. Users can offer financing at the rate and duration of their choice, or they can lend at an automatically adjusting rate that we refer to as the Flash Return Rate (FRR). Also, users can use Bitfinex’s Auto-Renew feature to renew their lending offers automatically once they expire. Read more: What is Margin Funding?
Over The Counter Market (OTC)
Bitfinex offers a private OTC Market as an avenue for traders seeking to perform large trades directly with a counterparty, bypassing the public order books. Trades performed via the OTC Market provide access to large liquidity without affecting the exchange market price. Visit the OTC Market page to learn more.