Cryptocurrency gone wild

Cryptocurrency exchange Bitfinex is working on a project to launch a decentralized trading platform and we’ve got all the details here. Also in The Daily, Bitpanda adds Zcash to its offerings, Bitvo launches technical analysis tools, and Monex makes executive changes at Coincheck.

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Bitfinex Develops Decentralized Exchange

Bitfinex, the sixth largest crypto exchange by daily trading volume, has announced it will launch a decentralized trading platform. According to a post on Twitter, the new exchange, called Eosfinex, “will facilitate a highly scalable network of peer-to-peer value exchange, unconstrained by borders and built around a foundation of transparency, speed and integrity.”

In a blog post, Bitfinex notes that the platform, to be launched in the upcoming months, will be a high-performance, decentralized exchange built on Eos.io technology. The Hong Kong-based company explains that Eosfinex will be centered on three pillars: decentralization, trust, and performance. The team hopes to deliver complete decentralization through a trustless peer-to-peer trading experience.