Bitfinex Joined Forces With Irisium

According the representatives of both companies, they "collaborate to improve digital asset market integrity"
15 March 2018   1885

The third largest exchange Bitfinex, based in Hong Kong, will implement an Irisium to monitor trading operations manipulative behavior monitoring and suspicious activity, improve market integrity and obtain analytics on all trading processes.

Comprehensive market and trade surveillance capabilities are integral to operating an exchange. To meet the complex needs of an evolving digital asset class and to protect our sophisticated participants, Bitfinex requires an agile surveillance system built on the latest technology. Together with our experienced team, the Irisium platform will provide the surveillance needed to protect our participants and our venue from trading abuses.
 

Paolo Ardoino

CTO of Bitfinex

Innovative technology Irisium, according to Bitfinex, will allow processing a wide range of data, which will provide professional analysts necessary to identify suspicious activity information.

We are at a tipping point in the development of the digital currency marketplace. As professional traders and sophisticated investors enter the market, exchanges need to deploy modern surveillance tools that can detect abusive trading practices and protect their customers.
 

Alastair Goodwin 

CEO of Irisium Ltd

Bitfinex stressed that together with Irisium they intend to create a new global standard for the transparency of the functioning of cryptocurrency exchanges. 

Bitfinex to Introduce Sub-Account Feature

This system was launched after users' requests and it gives them an ability to experiment with several trading strategies simultaneously
21 January 2020   100

The Bitfinex cryptocurrency exchange has announced a new feature that allows users to create multiple sub-accounts under one master account.

As the technical director of the company Paolo Ardoino noted, the introduction of this option occurred almost at an ideal time, taking into account the growing interest in cryptocurrencies from institutional investors.

The Bitfinex blog says that the sub-account system has been introduced at the request of many users.

According to the proposed scheme, users will be able to experiment with several trading strategies at the same time, while Bitfinex will use the combined trading volume for all related accounts, offering general discounts on commission according to the structure of calculating commissions.

If the user account is verified, the client can choose which sub-account will use this data, giving it all the relevant advantages. In addition, each sub-account can be verified individually.

Users will also be able to send funds from the master account to the wallets of their chosen sub-account.

When creating a sub-account, it is tied to the main user account, which will continue to act as a master account. Only the master account has the authority to create sub-accounts (up to 100), it is also endowed with a number of other functions, including changing the viewing mode, changing e-mail, etc.