Since you can't deposit/withdraw fiat on Bitfinex -How does it control the price

[adaseb]

I am just wondering why Bitfinex is the BTC price leader compared to the other exchanges when its the only exchange where you can't deposit/withdraw fiat.

Its seems the exchange is zero-sum. So if some whale wants to buy 1000 BTC, he needs to deposit some BTC he already owns and buy it on margin?

Or does this exchange simply follow the other Chinese and smaller exchanges ?

[1715435705]

1715435705

[gentlemand]

Where does it say you can't withdraw or deposit fiat?

It's the only big exchange where you don't need verification if you're only depositing or withdrawing coins as far as I know so perhaps you're getting it mixed up.

[Fiat_Hodler]

you can deposit and withdraw fiat.

[zby]

I think the OP confused btc-e with bitfinex.

[1Referee]

I think the OP confused btc-e with bitfinex.

OP is not fully awake I guess. BTC-E allows you to deposit fiat into your account as well

OP; This information comes from Bitfinex their site.

DEPOSIT
Bitcoin    free
Litecoin    free
TetherUSD    free
Bank wire    0.100% of the deposit amount, with a minimum fee of $20.00

WITHDRAWAL
Bitcoin    free
Litecoin    free
TetherUSD    free
Bank wire    0.100% of the withdrawal amount, with a minimum fee of $20.00
Express bank wire (within 24 hours on business days)    1.000% of the withdrawal amount, with a minimum fee of $20.00

[Atomicat]

As 1Referee posted above both BTC-E and Bitfinex allows deposits and withdrawals.

I don't understand what you mean by "How does it control the price"?
An exchange cannot control the Bitcoin price. Its the traders on the exchange who controls the buy/sell price.