December 5, 2023

Bitfinex plans to launch cryptocurrency options and the new stablecoin Tether Gold

Cryptocurrency exchange Bitfinex announced the launch of cryptocurrency options in the 1st quarter of 2020. Also a playgroundplans to launch new Tether Gold stablecoin.

As told in The Scoop podcast by technicalexchange director Paolo Ardoino, this summer iFinex, the parent company of Bitfinex and Tether, launched cryptocurrency derivatives, so the platform plans to offer options to its clients.

Ardoino did not disclose the details of the release of Tether Gold,however, he said that the options will be based on the Tether stablecoin. This will allow the cryptocurrency to gain more trust and attract new customers. Now Bitfinex is working with various trading platforms in order to ensure the liquidity of the new product.

The technical director of the exchange also noted that inIn the future, the company plans to launch cryptocurrency gift cards with which it will be possible to pay for goods. To this end, Bitfinex will enter into a partnership with a "large and well-known company."

“It is important that people see the value of cryptocurrencies in everyday life, and not just exchange bitcoins for dollars and back,” Ardoino emphasized.

Let us remind you that at the end of October, the Bitfinex exchange added support for SegWit addresses in the Bech32 format for withdrawing bitcoins. A little later, the site began to support such addresses for deposits.