Ethfinex, the decentralized exchange for Ethereum-based tokens, is closing this October 12, and merging its volumes with Bitfinex. The announcement arrives as Bitfinex is facing a joint class-action lawsuit against its parent company iFinex, and Tether, Inc.
The team explained that Ethfinex was a temporary tool to explore the potential for decentralized trading, while adding functionalities. The goal with the next type of market is to offer a smoother and faster user experience, as well as additional trading features.
The Ethfinex activity will switch to DeversiFi, a newly created fast decentralized market. Currently, Ethfinex is in the process of token tr…
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