Cryptocurrency exchange Bitfinex has removed its $10,000 minimum equity requirement to open the platform to a broader base of traders.
According to the announcement,
“We simply could not ignore the increasing level of requests for access to trade on Bitfinex from a wider cohort than our traditional customer base. For the last six months we have been working hard to ready our platform for a new wave of customer accounts and are now in a position to open Bitfinex to a wider audience. By dropping our minimum equity requirement, the only limits are now set by the traders themselves.”
Bitfinex has also announced the addition of Tron-based stablecoin USDT-Tron to its list of product offerings, along with new USDT margin trading and spot market pairs for Bitcoin, Ethereum, Litecoin, EOS and BAB Coin.
The new TRC20-based USDT will support Tron’s growing network of decentralized applications including its popular gaming and gambling DApps.
Bitfinex reports a 24-hour daily trading volume of $220,643,723, according to data compiled by CoinMarketCap. The Hong Kong-based exchange is one of 10 crypto trading platforms worldwide that was recently singled out by crypto analytics firm Messari as having legitimate trading volumes.
Messari launched its “Real 10 Volumes” index following last month’s Bitcoin ETF filing by Bitwise with the U.S. Securities and Exchange Commission, which addresses the issue of fake volumes in the cryptocurrency industry.