Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Cryptocurrency exchange Bitfinex to add support for IOTA token trading

Leading cryptocurrency exchange Bitfinex has announced that it will be adding support for IOTA (IOT) exchange trading on its platform, effective June 13.

The support will be added via two trading pairs – IOT/USD and IOT/BTC. In the forthcoming days, margin trading for IOT pairs will be enabled as the order book develops suitable liquidity, Bitfinex said.

“Bitfinex has followed IOTA since its earliest stages of development and supports the project’s innovative approach toward a blockless distributed ledger. We believe the underlying technology can lead to a new ecosystem of applications built upon this decentralized and self-regulating peer-to-peer network”, it added.


Through its core invention “Tangle”, IOTA claims to be the first distributed ledger protocol that goes beyond blockchain. According to the website, Tangle is a revolutionary new “blockless” distributed ledger which is scalable, lightweight, and for the first time ever makes it possible to transfer value without any fees.

“The IOTA Tangle is a Directed Acyclic Graph which has no fees on transactions and no fixed limit on how many transactions can be confirmed per second in the network; instead, the throughput grows in conjunction with activity in the network; i.e., the more activity, the faster the network”, Bitfinex explained.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

May 25 16:00 UTC Released

USCattle Marketed

Actual

106 %

Forecast

106 %

Previous

96 %

May 25 16:00 UTC Released

USCattle On Feed

Actual

105 %

Forecast

104.9 %

Previous

107 %

January 31 00:00 UTC 168309168309m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 168309168309m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 180129180129m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 168309168309m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 180129180129m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 168309168309m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 168309168309m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 168309168309m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.