New EOSfinex Trading Platform To Open In January
The Hong Kong exchange Bitfinex is preparing to launch EOSfinex, a new decentralized platform for crypto trading, which will run on the EOS blockchain. The release of the official version is scheduled for January 2019, according to the project website.
The team will test the beta version of the platform in November 2018, although Bitfinex representatives don’t report whether crypto trading will be available to all participants. After the release, the developers also promised to make the platform code publicly available.
According to the Bitfinex team, the new crypto exchange for P2P trading will provide impressive opportunities for scaling, while possessing accelerated functionality and high-quality customer support. Transactions will be based on trust contracts.
The future platform will combine the experience and benefits of Bitfinex and the EOSIO network. Recently, the developers have released a new network version 1.3.0 with a simplified process of block verification by the ecosystem participants. The innovation will allow the EOSIO-based blockchain systems to significantly speed up the processing of operations.
At the initial stage, the EOSfinex platform will offer EOS/BTC, BTC/USD, and ETH/USD pairs for trading. Later the team will add new tokens and pairs to the list. Moreover, with the help of trust contracts, anyone can add their own token to the exchange's listing.
The EOS tokens rank fifth in the CoinMarketCap ranking. The price per token is $6.02, the daily trading volume is more than $866 million. The cryptocurrency is the most popular among Asian exchanges, such as OKEx (13% of all transactions), Binance (9%), Huobi (7%), and DOBI Trade (17,6%).
Recently, the best blockchain projects were defined at the EOS Global Hackathon.