Bitcoin Forum

Bitfinex launches a new platform engine.
The new Bitfinex platform engine supports the trading of crypto-currencies and other financial instruments through computerized site management based on software and electronic data matching systems. Thus, in the automatic mode, the transactions on the platform are compared, the orders are distributed to buy / sell between users through a certain set of algorithms and rules.
Who what think about it? ???

It shouldn't really make any difference for your average user, at least on a day to day basis. It just means that things should be more efficient and the system should be less likely to overload in the event of a usage spike.

I think that's great news. Bitfinex and so is quite popular and one of the best exchanges in the cryptocurrency world. I think this news will add to the scale of the exchange.

This is a good move by the Bitfinex team, if it is going to make their exchange more transparent and effective. The are alot of negativity surrounding Bitfinex and some people are of the opinion that they are even responsible for the crash that BTC had, they need good news to help them out, because for me we need Bitfinex more than it need the space

Do you have at least a link so that we can see it?

I just checked their latest post and they say that they are doing some performance update but didn't mentioned about the new platform engine. Anyways, it will be a good news for everyone, but I doubt that casual traders though are interested in this new engine platform as most of us just look for the trends before making buy / sell orders.

But as long as it will help traders, then why not, let's see how this new engine will really live up to its hype and see how traders response will be. We all know that crypto user based is growing and exchanges really need to upgrade there engine to be able to cope up with the high demands.

This exchange is very user-friendly and intuitive interface. It can be seen that developers are constantly improving their platform. Not long ago they launched their DEX.

Bitfinex creates a new platform engine.
The new Bitfinex platform engine that will support crypto currency trading and other financial instruments, through the management of computerized sites based on software and electronic databinding systems.In Automatic mode, transactions on the platform are compared, orders are distributed to buy / sell between users via a set of algorithms and certain rules.
Surely this will attract all the attention.

unable to trust Bitfinex platform as of now they have lot of rumors in news we cant completely reply on the exchange

Dont really care untill they clear up things with tether crew and stop with fake trade on their exchange,like 80% trades there are either bots doing the trade or finex crew trying to influence the market with fake buy/sell trades

It looks like bitfinex was trying the different method through a new system to increase the capability of bitfinex engine. But i just curious about what means the transaction on the platform are compared. Does it mean if the engine will try to compare one transaction to each other? I need more explanation regarding it.

Bitfinex is one of the widely used crypto currency exchange but at the same time Bitfinex got bad reputation because of Tether funding as per many speculations