Bitfinex Teams Up with Thalex to Offer Advanced Derivatives to the General Public
Venturing Deeper into the Crypto Realm: Bitfinex and Its Stride Toward Enhanced Trading
Bitfinex, a leading name in the cryptocurrency universe, is making waves in its quest for enhanced financial freedom, not merely catalyzing opportunities for the unbanked, but also for skilled traders. In a daring initiative, Bitfinex has integrated Thalex, a robust derivatives platform, to provide effortless access to various crypto options and derivatives. The message is loud and clear: "Low volatility equates to freedom," and that freedom is just a click away on Bitfinex.
Unraveling the Layers of Smarter Trading
Derivatives have traditionally been viewed as tools exclusive to experienced traders or institutions. But Bitfinex and Thalex are set to shake things up. Users with a Bitfinex account can now effortlessly tap into Thalex's innovative trading products, including linear options, futures, and perpetual contracts, directly from the Bitfinex platform.
What sets this apart is the simplicity. No need for extra Know Your Customer (KYC) checks or creating new accounts. Users can swiftly transfer assets between Bitfinex and Thalex and commence trading within a single, seamless experience. Whether you're a novice eager to explore or a seasoned pro refining your strategy, the new setup is crafted to be user-friendly and inclusive.
More than Access - A Potent Derivatives Engine
Thalex brings a mighty punch to the table. It supports a universal margin account, allowing users to hold margin in USD₮ (Tether), BTC, or ETH, and use it across all positions. The platform also offers portfolio margining, empowering traders to manage risks more efficiently across diverse instruments.
In addition, Thalex's perpetual contracts employ a transparent pricing model. The funding rate is calculated as (Mark Price - Index Price) / 24 hours, sans artificial dampers or caps. This guarantees accurate, continuous profit and loss (P&L) tracking for all users, fostering a more open and professional market environment.
Encouraging Market Vitality - Incentives Galore
To fuel activity and liquidity, Thalex has launched the Market Quality Program (MQP). This initiative rewards traders contributing significantly to the platform's liquidity with monthly incentives, totaling up to $200,000 USD.
Participants are assessed based on both volume and overall contribution to the health and stability of the order book. This holistic approach levels the playing field and acknowledges efforts toward building a more open, efficient market for everyone.
Redesigning Financial Emancipation - All Together Now
Though Bitfinex has long advocated for the unbanked, this move hints at a broader ideology. Financial freedom transcends mere access; it encompasses choice, resources, and potential. By integrating Thalex directly into its platform, Bitfinex empowers participants of diverse backgrounds and skill levels to participate in markets previously out of reach.
- Bitfinex's integration of Thalex, a robust derivatives platform, aims to extend financial freedom not only to the unbanked but also skilled traders, enabling them to access various crypto options and derivatives with ease.
- Users with a Bitfinex account can now directly access Thalex's innovative trading products like linear options, futures, and perpetual contracts through a single, seamless experience, without requiring extra KYC checks or new account creation.
- Thalex's simple setup allows users to transfer assets between Bitfinex and Thalex easily, addressing the needs of both novice explorers and seasoned traders with a user-friendly and inclusive environment.
- Thalex offers a universal margin account, enabling traders to hold margin in USD₮ (Tether), BTC, or ETH and use it across all positions, as well as portfolio margining for more efficient risk management across various instruments.
- Thalex's perpetual contracts utilize a transparent pricing model without artificial dampers or caps, ensuring accurate profit and loss tracking for all users and fostering a more open and professional market environment.
- To stimulate activity and liquidity, Thalex launched the Market Quality Program (MQP), offering monthly incentives totaling up to $200,000 USD to traders contributing significantly to the platform's liquidity, acknowledging their efforts toward building a more open, efficient market for everyone.
