The phenomenal rise of Ethereum in the recent months is hard to ignore. The Ethereum cryptocurrency has gained over 100 percent in the past few months, increasing its demand among the cryptocurrency community.
The increasing value combined with a positive outlook for Ethereum as a cryptocurrency and a platform has certainly kindled interest among crypto-traders. Ethereum-Bitcoin and Ethereum-US dollar are widely traded pairs on various trading platforms. However, not all trading platforms offer an option to trade Ethereum. In the absence of trading pairs associated with Ethereum, many well-known Bitcoin trading platforms are increasingly receiving requests from their regular customers. Bitfinex Includes Ethereum
Bitfinex, one of the well-known Bitcoin exchanges and trading platforms has finally relented to these increasing demands. Yesterday, the trading platform announced that they are including Ethereum support on Bitfinex. The announcement states that users will be able to trade ether – Ethereum’s cryptocurrency unit on their platform starting Monday. The company also makes it clear that it is not their general practice to include new digital assets, but in this case, the demand has been too high to ignore. Also, ether’s performance in the recent months has influenced their decision to go ahead and make an exception for the sake of their customers.
Even before trading opens on Bitfinex, users can start depositing ether into their exchange wallets. Even though Bitfinex is including Ethereum trading support, features like shorting and margin trading, currently available for Bitcoin trading will not be available immediately. The platform intends to first test the waters and depending upon the book depth, these features will be eventually included. The company is, however, optimistic about the new feature and it believes that these features may be included within a week of inclusion of Ethereum trading option. Bitfinex, in its announcement, has refrained from making […]
