15 Aug Bitfinex Agrees MOU to Discover Integration with Komainu Join for New Distant Custody Resolution
ROAD TOWN, British Virgin Islands – July 15 2024 – Bitfinex, a state-of-the-art digital asset buying and selling platform, has introduced a collaboration to discover a strategic integration with Komainu Join, a regulated digital asset custody service. The combination is anticipated to permit establishments and complex traders to leverage Bitfinex’s deep liquidity and superior buying and selling options whereas sustaining the safety of their property in a separate, regulated custody surroundings. This collaboration is enabled by Ledger Enterprise’s off-exchange buying and selling and settlement expertise, Ledger Tradelink™, which allows institutional prospects to commerce by way of the Bitfinex platform.
By working with Bitfinex, the Komainu Join integration is anticipated to permit establishments to commerce on one of many world’s most liquid markets for crypto property, whereas preserving their property with a custodian. One of many key advantages establishments will achieve from this integration is the flexibility to get pleasure from uninterrupted buying and selling on Bitfinex with out frequent on-chain asset transfers, in addition to the safety provided by Ledger’s Tradelink™ expertise.
The combination can be the newest distant custodian resolution provided by Bitfinex, and follows comparable preparations it has with Zodia Custody and Copper, which have each proved fashionable with institutional prospects.
Merchants with property on Komainu Join and a verified account on Bitfinex will be capable of allocate a portion of their custody-held property for buying and selling, initiating a lock at Komainu. Concurrently, Komainu Join will notify Bitfinex by way of an API connection. Upon approval, Bitfinex will grant the dealer a stability equal to the locked quantity, enabling seamless buying and selling with the designated property.
“Our collaboration with Komainu Join displays our dedication to increasing safe buying and selling choices for our prospects and gives an extra layer of safety for institutional traders by permitting them to leverage Komainu’s regulated custody resolution whereas nonetheless accessing Bitfinex’s sturdy buying and selling surroundings,” mentioned Paolo Ardoino, CTO of Bitfinex.
As compliance good points growing prominence as rules evolve, cryptocurrency exchanges bear a vital accountability to safeguard buyer property. Bitfinex’s collaboration with Komainu Join highlights the trade’s proactive strategy to compliance.
To study extra about Bitfinex, please go to https://www.bitfinex.com/.
About Bitfinex
Based in 2012, Bitfinex is a digital token buying and selling platform providing state-of-the-art providers for merchants and world liquidity suppliers. Along with a collection of superior buying and selling options and charting instruments, Bitfinex gives entry to peer-to-peer financing, an OTC market and margin buying and selling for a big selection of digital tokens. Bitfinex’s technique focuses on offering unparalleled assist, instruments, and innovation for skilled merchants and liquidity suppliers world wide. Go to www.bitfinex.com to study extra.
Ahead-Wanting Statements
Sure statements on this announcement could also be forward-looking in nature. The phrases “imagine,” “count on,” “estimate,” “may,” “ought to,” “intend,” “could,” “plan,” “search,” “anticipate,” “mission” and comparable expressions amongst others, typically establish “forward-looking statements,” which communicate solely as of the date the statements had been made. The issues mentioned in these forward-looking statements are topic to a lot of dangers, traits and uncertainties that might trigger precise outcomes to vary materially from these projected, anticipated or implied within the forward-looking statements. None of Bitfinex nor another individual is answerable for updating or revising any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as required by legislation.
