Bitfinex is one of the leading cryptocurrency exchanges, and we are the world’s largest exchange by volume for trading bitcoin against the US Dollar. Several unrivaled products fuel our Bitfinex's market dominance:
At its heart, Bitfinex is a central limit order book for various cryptocurrencies. Users can exchange bitcoin and other leading cryptocurrencies against US Dollars (USD) and bitcoin.
Bitfinex also provides a suite of order types to help our customer optimize their trading strategy. Read more: What types of orders does Bitfinex offer?
Bitfinex allows for users to trade with up to 3.3x leverage by receiving financing from our peer-to-peer financing platform. Users can enter an order to receive the desired amount of financing at the rate and duration of their choice, or they can open a position at Bitfinex and Bitfinex will link them with peer-to-peer funding at the prevailing rate at that time. Read more: How do I open a Margin position?
The financing market provides users with a way to earn interest on USD, BTC, LTC, and ETH by providing funding to 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 upon expiry. Read more: What is Margin Funding?