The Bitfinex Exchange has launched a new decentralized exchange Ethfinex Trustless, created based on the hybrid trading platform Ethfinex.
The company said that the new platform has the advantages of centralized exchanges, but it lacks many of their shortcomings, such as the need for input and output of funds, problems with technical support and loss of funds due to hacking.
Like on other decentralized exchanges, Ethfinex Trustless can trade without registration and personal data. Connection to the platform is carried out using the wallets MetaMask, Ledger, Trezor and Keystore.
"Thanks to the direct connection through the purses, there is no need to make deposits and withdraw funds. Instant execution of orders is carried out through off-line accounts, and all calculations are conducted inside the lock-up", the company statement said.
In addition, due to the direct connection of Ethfinex Trustless to the order books, Bitfinex and Ethfinex, high liquidity is provided, which is not typical for decentralized exchanges.
At this stage, the platform includes the following trading pairs: ETH / USDT, OMG / USDT, OMG / ETH, ZRX / USDT, ZRX / ETH. In the future, more than 40 tokens will be added to the platform, including pairs with Dai.
The company said that owners of the Nectar (NEC) token will be able to make decisions regarding the functioning of the site and its future, and participate in voting for the listing of tokens. To do this, during the first two weeks of Ethfinex Trustless functioning, users will need to have at least one NEC token on their wallet.
"Token NEC guarantees a certain level of clarity for users of the platform and will allow us to immediately provide support if something unplanned happens", the representatives of the exchange explained.
The company notes that the platform is designed in such a way that it can be transferred to a 0x V2 smart contract as soon as they are properly tested.
In addition, on September 26 at the London event dedicated to the blockchain, Bitfinex intends to present a beta version of EOSfinex exchange, which is also geared towards maximum decentralization and uses the EOS protocol.