As of today, we are excited to present the integration of the Liquid Network to Bitfinex.
The Liquid Network is a digital asset settlement network which links together cryptocurrency exchanges and institutions around the world, enabling fast and private Bitcoin transactions throughout the network.
The Network has been designed to address the particular demands of digital asset traders, providing rapid, confidential and secure transfers of Bitcoin amongst network participants.
Tighter exchange spreads: Traders will be able to rapidly circulate Bitcoin and USDT between exchanges to benefit from pricing differences, thus reducing inter-exchange spreads across major trading pairs.
Faster trading: Traders are able to react to trading opportunities quicker due to significantly lowered settlement times when sending between exchanges.
Improved confidentiality: Transactions on Liquid are private by default, hiding the amounts and types of assets transacted from third parties to eliminate the risk of front-running.
Issuing Bitcoin, stablecoins, and various other digital assets under one blockchain platform makes a lot of sense,” said Paolo Ardoino, CTO of Bitfinex. “It reduces the integration burden for an exchange like ourselves, and traders can manage all their assets from a single wallet application. We’re excited to be active on the Liquid Network, and we’re looking forward to watching it develop.