Bitfinex to Create EOSfinex Decentralized Exchange

The EOS.IO technology will allow the site to cope with a significantly increased flow of new users
13 February 2018   315

One of the leading crypto exchanges, Bitfinex, announced the launch of the "high-performance" decentralized trading exchange EOSfinex based on the EOS.IO blockchain protocol.

Bitfinex is convinced that it is the EOS.IO technology that will allow the platform to cope with a significantly increased flow of new users and an increase in the number of transactions through data processing speed and horizontal scaling.

We are excited to leverage EOS.io to further advance the field of high performance and trustless on-chain exchange. Block.one continues to display an unwavering dedication to improving blockchain scalability through the EOS.IO platform and it is our hope that this collaboration will allow significant advancement for all decentralised exchange.
 

J.L. van der Velde 

Bitfinex CEO

Earlier, Bitfinex launched a hybrid decentralized exchange Ethfinex for trading tokens of the standard ERC20.

Bitfinex Banned Margin Trade For US Corporate Customers

This news is reported by the margin traders themself at Reddit
15 February 2018   52

One of the largest crypto-currency exchanges, Bitfinex, suddenly closed access to margin trading for corporate clients from the United States. This is reported by Bitcoin.com.

Some corporate customers of Bitfinex expressed their discontent on the Reddit after they found out that their access to the marginal trading was closed. At the same time, restrictions imposed at the end of last year in accessing the services of the exchange concerned only US residents who are private individuals. The Bitfinex knowledge base also says nothing about the restrictions for US corporate customers.

We’ve had a corporate account with Bitfinex since early 2017 and [are] approved for both exchange, margin, and funding. […] We’ve been making 6-figure trades on margin and currently have 2 margin positions open. On Feb 7th, […] we were locked out of margin trading. No explanation or warning of why our account can’t trade on margin. Worst yet, we can’t manage our margin positions. Not good in this very volatile market. We’ve received a couple of liquidation warning emails as the market dived down yesterday. We sent a support ticket […] and probably over 7 emails. No response from Bitfinex. It appears that they haven’t even opened any of the emails.
 

horaldrami90 at Reddit

Later that day, a Bitfinex representative called “bill_bfx” contacted the Redditor, stating that the issue had been “forwarded to the team to resolve for you.” 

a US corporate customer […] should not be using margin trading,” however, noted that “if you have open positions it is not acceptable to block you from closing them. 
 

bill_bfx

Bitfinex representative at Reddit

Another Reddit user reports:

I’ve been lending on Bitfinex for a while. Earlier today, the API responded that US users are no longer allowed to take or lend any currency denomination […] I understand that US retail customers cannot use it but I believe the policy did not apply to corporate customers. Has there been a recent change in policy? Will it be permanent or is this a temporary measure? 
 

Daveneer at Reddit

In early December, Bitfinex and Tether received summons from the US CTFC.