Eosfinex, a non-custodial digital asset exchange, has launched a beta version of its mainnet, saying it brings liquidity from the Bitfinex cryptocurrency exchange to the EOS community.
- The beta mainnet launch is said to enable off-chain order matching while retaining custody and settlement on-chain.
- This would increase the speed of trades since they are not tied to (sometimes tardy) block confirmation times.
- Eosfinex – which is built on EOSIO technology – will also offer Equilibrium (EOSDT), Everipedia (IQ) and interoperability bridging assets known as pTokens at launch.
- The firm said the launch would help solve the issue of illiquidity in token trading for the EOS community, which it called a "major obstacle to growth."
- In addition, Eosfinex said it will stake assets on behalf of users, "covering the costs of network resources for traders."
- This would free up users' locked EOS tokens on the network, further increasing liquidity within the EOS ecosystem, Zhao said.
- Verification of an Eosfinex account is not mandatory to trade or transact with its various digital assets; it features a three-tiered system of individual authentication levels.
- According to CoinMarketCap data, Bitfinex is the sixth-largest crypto exchange by trading volume.
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