Bitfinex to Launch A Secret Banking Platform

Nishanth Shetty

October 17, 2018 12:26 pm

Cryptocurrency News

Bitfinex to Launch A Secret Banking Platform | Coindelite News
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One of the most popular cryptocurrency trading platform ‘Bitfinex‘ is launching a new deposit platform for its customers. Bitfinex’s customers can now deposit fiat currencies using its new platform. Further details still remain a secret.

Recently HSBC terminated its proxy banking relationship with Bitfinex, and the exchange was forced to suspend fiat currency deposits. Bitfinex is world’s second largest cryptocurrency trading platform by its trading volume. Bitfinex recently published a blog in order to announce its plans to launch a new platform. The blog post has used odd language and has raised more questions to be answered by the company.

Bitfinex said that it is introducing an improved and highly resilient fiat depositing system in order to send fiat currencies to Bitfinex. The new platform would allow KYC-verified used around the world to start deposits using USD, GBP, JPY, and EUR.

The announcement also included that customers should deposit a minimum of $10,000 of fiat currency. This process requires customers to create a deposit request to signal interest and wait 48 hours for approval from Bitfinex. Once approved, sending money to the bank account would take six to ten days. The increased time is taken for the clearing of funds.

Bitfinex included:

“We believe this system to be significantly more durable in the face of sustained attacks by our competition and their supporters. Ongoing campaigns against us will only result in our company becoming stronger and better.”

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