In a press release sent out today, Bitcoin trading platform BTC.sx has unveiled a partnership with Bitfinex. The partnership will allow BTC.sx traders to enter leveraged BTC-USD positions on Bitfinex’s order book. Deeper integration is planned for the future.
BTC.sx is a Bitcoin-only trading platform headquartered in London’s Silicon Roundabout. Bitfinex, based in Hong Kong, is one of the largest exchange in the world for USD/BTC trading.
Josh Rossi, Vice President of Business Development at Bitfinex, said:
“We love being able to empower innovative startups, like BTC.sx, to do what they do best: interact with their customers. Together, with access to our very deep pools of liquidity, and innovative enterprise-level features, we think that this will hopefully help them to expand very rapidly.”
Joseph Lee, co-founder and CEO of BTC.sx, said:
“We are extremely excited about partnering with Bitfinex and allowing our clients to access a larger pool of liquidity. Our professional Bitcoin Traders are continually demanding better access to high volume markets and our team has been able to deliver upon their requests. Our traders will love accessing Bitfinex’s $280 million monthly trading volume. Additionally, Bitfinex’s commitment to regulatory compliance makes the partnership a logical choice. At BTC.sx we are serious about providing our traders the best platform possible. We truly believe this is a win-win partnership for not only BTC.sx and Bitfinex, but also for our traders. “
“We fully intend to utilise the advantages Bitcoin offers to international businesses. This is also good for our global traders, who are no longer excluded from trading Bitcoin on the basis of their geographic location”.
Traders can use BTC.sx’s platform to access Bitfinex’s high levels of liquidity in an easy-to-use interface. Additionally, Bitfinex users will see further liquidity improvements with the arrival of traders from BTC.sx. Over the past thirty days, Bitfinex users have traded 851763.66 BTC, which equates to approximately $280 million at the time of writing.
What do you think of this new Bitcoin trading partnership? Comment below!
Images from BTC.sx and Shutterstock.