Bitfinex announces a fiat expansion that will see the addition of a number of new crypto-fiat trading pairs, as well as the enabling of deposits and withdrawals in Japanese Yen and British Pound Sterling.
Bitfinex users will now be able to trade through the following fiat pairs:
BTC – BTC/JPY & BTC/GBP
ETH – ETH/EUR, ETH/JPY & ETH/GBP
NEO – NEO/EUR, NEO/JPY & NEO/GBP
EOS – EOS/EUR, EOS/JPY & EOS/GBP
IOTA – IOTA/JPY & IOTA/GBP
In addition to the fiat pairs outlined above, Bitfinex will also be opening its doors to both the Japanese Yen (JPY) and British Pounds (GBP). This is a marked expansion of the service offering to cater for a growing global trading community and increased engagement with a number of international monetary markets. Deposits and withdrawals for both JPY and GBP were enabled yesterday, as have funding markets for both.
The addition of these new trading pairs to Bitfinex will facilitate improved accessibility and convenience for traders, unlocking greater levels of liquidity for the exchange and the cryptocurrency market as a whole. The introduction of a greater number of crypto-fiat trading pairs, and the subsequent reduction of the reliance upon BTC as a medium of exchange, will work to greatly benefit traders while reducing the associated costs – In terms of both time and money – of trading digital assets.