Bitfinex has launched new Ethfinex-based decentralized platform for cryptocurrencies trading called Ethfinex Trustless.
As the exchange's message says, Ethfinex Trustless is aimed at eliminating the problems inherent in centralized exchanges, such as delays in input / output of funds, long answers from technical support and the possibility of loss of assets as a result of hacker attacks.
With Ethfinex Trustless there are no signups, no deposit or withdrawaldelays and no sacrificing custody of your tokens. Users retain full control of their funds throughout the entirety of the trading experience whilst executing trades against a highly liquid off-chain order book to ensure an entirely seamless trading experience.
The new site will allow you to make cryptocurrency transactions without going through registration and providing personal data. Also, Ethfinex Trustless will provide access to the trading logs of Bitfinex and Ethfinex, thereby eliminating liquidity constraints.
To connect to the platform, MetaMask, Ledger, Trezor and Keystore wallets can be used.
At first time trading pairs with Ethereum, OmiseGO, Tether and 0X will be available on Ethfinex Trustless. If the launch of the site is successful, Ethfinex Trustless will list 40 more tokens, including pairs with Dai, and transfer the exchange to 0x V2 smart contracts.
Also representatives of Bitfinex reported that owners of the Nectar (NEC) token will be able to make decisions regarding the functioning of the site and its future, including taking part in voting for the listing of tokens.
To do this, within the first two weeks after the launch of the exchange, users will need to have 1 NEC in their Ethereum wallet.