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Ethfinex emancipated from Bitfinex – new focus on DeFi

The Ethereum wallet Ethfinex has cut the umbilical cord of her controversial partner exchange Bitfinex. Detached from Bitfinex to be from the unregulated Exchan

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Ethfinex emancipated from Bitfinex – new focus on DeFi

The Ethereum wallet Ethfinex has cut the umbilical cord of her controversial partner exchange Bitfinex. Detached from Bitfinex to be from the unregulated Exchange is a regulated platform with a focus on DeFi (Decentralized Finance). The new focus on decentralized Trading and crypto-loans (Crypto Lending), is reflected in the name of the planned DeFi-platform: DeversiFi.

By Christopher clover
15. August 2019ETH$179,53 -13.48%part Facebook Twitter LinkedIn xing mail

The newly established DeFi-platform a so-called Management Buy advance went out. This means that members of the management of Bitfinex and Ethfinex had acquired the majority of shares from the previous owners (Bitfinex). The Management of DeversiFi is made up of eight former Bitfinex or Ethfinex - boards.

How DeversiFi CEO Wants to asserts Harborne compared to the crypto-magazine on The Block, wanted the Deal from both sides:

I would not describe as a coup. We have done this with the blessing of Bitfinex.

In an interview with The Block Harborne is excited about the newly gained self-sufficiency:

It was frustrating to work in a large company. But now we are smaller and slimmer and work quickly. And make our own decisions.

DeversiFi is aiming to receive approval in Europe for the collection of external funds. Thus, the DeFi-Exchange wants to Finance in PES your Software Launch.

Ethfinex.com will no longer exist in its current Form, therefore, soon:

With the development of Ethfinex Trustless to DeversiFi and the fast-growing Margin, credit and new charge functions – that enable DeversiFi, the liquidity of centralized exchanges provide, it is now time to close ethfinex.com ,

it is stated on the company Blog of Ethfinex.

DeFi wins in the Ethereum Ecosystem, the importance

Dezentralized Finance covers a wide field of – especially sharp, it is to be intimate suggests, decentralised financial services. Such as decentralized exchanges (DEX), Margin Trading or Peer-to-Peer Lending include. The key word here is Peer-to-Peer: Because DeFi is ideal to get along without Intermediaries, acting as Custodian,. The function of the DeFi-service providers is limited to the provision of infrastructure – the control of the digital Assets should remain in the hands of the end user.

Also, Bitcoin can. DeFi

so Far, Ethereum dominates as a choice-Blockchain for the Placement of the DeFi-models MakerDAO is one of the most prominent examples from the Ethereum-cosmos. But also, Bitcoin can in principle serve as a Basis for decentralized financial services. Like the look of can, learn for example here.

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