Bitfinex
Overall score 9.0SpotDerivatives
Bitfinex, operated by iFinex Inc., is a prominent cryptocurrency exchange known for its advanced trading features, including spot and derivatives markets, margin trading, and support.
01
Proof of Reserves (PoR)
On-chain verified
BTCBTC
On-chain reserves9.38B
LEOLEOOn-chain reserves6.42B
WETHWETHOn-chain reserves415.18M
USDTUSDT
On-chain reserves332.45M
Bitfinex’s Proof of Reserves indicates that it holds approximately $18.125 billion in assets, composed primarily of BTC (54.6%) and LEO (36.3%), with a minimal proportion allocated to stablecoins. Due to the absence of data regarding user liabilities, it is not possible to calculate a reserve adequacy ratio. Furthermore, the inclusion of LEO—being the platform’s native token—as part of these reserves is controversial and may obscure the actual liquidity available for redemption. Additionally, the concentration of these assets poses a risk due to a lack of diversified hedging strategies. Users are advised to remain vigilant regarding potential misalignment risks and to consult third-party audit reports to verify the accuracy of this data.
03
Trading Pairs
Liquidity · Depth
| # | Pair | Type | Price | 24H change | 24H volume | Depth ±2%Cumulative order book depth within ±2% of mid price; higher means less slippage. | Funding ratePeriodic funding between longs and shorts to anchor perpetual price to spot; positive means longs pay shorts. |
|---|---|---|---|---|---|---|---|
| 1 |  BTC / USDFutures · Perpetual | PERP | $67,915 | -0.26% | $164.03M | -- | +0.0010% |
| 2 | BTC / USDSpot | SPOT | $64,390 | +1.24% | $35.66M | -- | -- |
| 3 |  USDT / USDSpot | SPOT | $1 | +0.02% | $24.99M | -- | -- |
| 4 |  ETH / USDFutures · Perpetual | PERP | $2,034 | -1.02% | $21.46M | -- | 0.0000% |
| 5 | BTC / USDTSpot | SPOT | $64,300 | +1.24% | $19.12M | -- | -- |
| 6 | ETH / BTCF0Futures · Perpetual | PERP | $2,034 | -0.80% | $18.51M | -- | 0.0000% |
| 7 |  TESTXAUT / USDFutures · Perpetual | PERP | $5,177.4 | +0.21% | $17.26M | -- | 0.0000% |
| 8 | TESTETH / USDFutures · Perpetual | PERP | $2,034.1 | -0.97% | $7.35M | -- | -0.1370% |
| 9 |  TESTBTC / USDFutures · Perpetual | PERP | $67,840 | -0.40% | $4.15M | -- | 0.0000% |
| 10 | XAUT / USDFutures · Perpetual | PERP | $5,170.6 | +0.26% | $3.18M | -- | 0.0000% |
04
LEO · Platform Token
LEO · LEO Token
Platform Token
$9.75+0.07% (24H)
May 7Aug 4
05
Listings / Delistings
Track listingsNew listings (Top 8 performance)
First day
No listing records
90D Listings--
Avg First-Day Gain0.00%
7D Positive Retention0.00%
Delistings / warnings
Liquidity removalsNo delisting records
90D Delistings0
Main Cause · Liquidity0.00%
Main Cause · Compliance0.00%
06
Regulatory Landscape
Global License MapVG
British Virgin Islands
JurisdictioniFinex Inc. · BVI
iFinex Inc. is registered in the British Virgin Islands, with limited regulatory oversight; Bitfinex shares its parent company, iFinex, with Tether.
US
United States
RestrictedCFTC $1.5M + NYAG $18.5M settlement
2016 CFTC settlement of $1.5 million (illegal over-the-counter trading); 2021 NYAG settlement of $18.5 million (Tether reserve fraud investigation); does not provide services to U.S. users.
EU
European Union
UnlicensedRetain the proper nouns/institutional abbreviations/websites/dates as they are (such as ADGM FSRA, MiCA, CIMA, binance.com):
Lacks major EU financial licenses; compliance status under MiCA is uncertain.
CN
China Mainland
ProhibitedNo services provided to mainland users
China has completely banned cryptocurrency trading, and Bitfinex does not provide services to users on the Chinese mainland.
Global Licenses2Registered mainly in the BVI, with limited licensing coverage
Legal Countries80Can serve approximately 80 countries (mainly regions with loose regulations)
Restricted / Banned15Including the US/Mainland China/Sanctioned Areas
Settlement Total$18.5 million2021 NYAG $18.5 million (Tether reserve fraud) + 2016 CFTC $1.5 million
07
Key Events Timeline
5 eventsOperations + RegulationOperations
Bitfinex announces the cancellation of order placement and order execution transaction fees, integrating them into the standard fee structure
Bitfinex announced the cancellation of trading fees for limit orders and market orders, and officially incorporated these two types of transactions into the standard fee structure. This adjustment is aimed at simplifying the fee structure; the platform has not disclosed the specific fee amounts or the timeline for implementation, with all transaction fees to be charged in accordance with the newly established mechanism.
Operations
Bitfinex Report: Optimism in the crypto market is gradually rebounding, but significant breakthroughs may prove difficult to achieve
A Bitfinex report indicates that optimism in the current crypto market is showing a gradual recovery. Despite the improving market atmosphere, the analysis report points out that achieving significant upward breaks under these circumstances may face considerable difficulties.
Operations
Bitfinex launches HYPE token
Cryptocurrency exchange Bitfinex officially announces the launch of the HYPE token. This update marks the exchange’s effort to provide users with more options for trading digital currencies. Investors can easily trade HYPE through this platform, with specific trading rules subject to the platform’s latest announcements.
Regulation
Bitfinex is accused of transferring $850 million to payment processor Crypto Capital Corp, believed to be located in Panama, without notifying its customers
Bitfinex is accused of transferring $850 million in funds to payment processor Crypto Capital Corp, believed to be located in Panama, without notifying users. The dispute involves issues regarding the transparency of fund transfers and compliance procedures.
Security Incident
Bitfinex suffered a hacker attack, losing $900 million
The cryptocurrency exchange Bitfinex was hacked, resulting in the theft of large amounts of funds. This security incident caused the platform to suffer losses of up to $900 million; the specific types of assets stolen and the time of the attack were not disclosed in the original article.
News Updates
Live syncLoading...
Comments
No comments yet.