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April 25 2020

Bitfinex to Launch Support for pTokens BTC

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Bitfinex, a state-of-the-art digital asset trading platform, will launch support for deposit and withdrawals of pTokens BTC (pBTC) towards the end of May 2020.

pBTC enables bitcoin  to be compatible with the Ethereum and EOS blockchains. The pTokens system makes it possible to move pBTC between the two networks, making the connection between these DeFi ecosystems even stronger.

“We’re excited to support a token by the pTokens project for the very first time,” said Paolo Ardoino, CTO of Bitfinex. “The pTokens solution unchains bitcoin’s liquidity. We welcome more projects operating in DeFi to work with us to make it easier for our users to obtain access to cross-chain liquidity.”

In addition to a growing presence in the nascent DeFi space, Bitfinex is leveraging its position as a one-stop-shop for crypto trading. The exchange offers a variety of services, including margin trading with up to 5x leverage. Bitfinex also offers users access to a perpetual swap contract offering 100x leverage through its affiliate, iFinex Financial Technologies Limited.

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