Introduction
Bitfinex.com is a prominent cryptocurrency exchange owned and operated by iFinex Inc. Registered in the British Virgin Islands, Bitfinex has been a key player in the crypto market since its inception in 2012. Let’s delve into the details of this platform, covering aspects such as its purpose, traffic, ownership, and alternatives.
What Is Bitfinex.com?
Bitfinex.com started as a peer-to-peer Bitcoin exchange but quickly expanded its support to include other cryptocurrencies. It stands out as one of the first professional platforms designed specifically for cryptocurrency trading. Traders and investors flock to Bitfinex for its high-volume trading capabilities and a wide range of products, including spot trading, derivatives, margin trading, and over-the-counter markets.
Website Traffic and Rankings
Bitfinex.com has witnessed fluctuations in its global ranking. Over the past three months, its global ranking has decreased from 49,017 to 41,450. The platform attracts substantial traffic, with approximately 1.3 million total visits per month. Visitors spend an average of 4 minutes and 3 seconds exploring the site. Notably, the majority of traffic comes from countries like Russia, Germany, and Taiwan. Note: This traffic and ranking report is created as of Feb 2024
Ownership and History
Bitfinex was founded in December 2012 by Raphael Nicolle, an IT technician from Paris. Initially, it served as a P2P margin lending platform for Bitcoin, gradually expanding to accommodate additional cryptocurrencies. In 2015, Bitfinex partnered with BitGo to enhance security by offering highly-secured wallets. However, the exchange faced challenges, including a 2015 hack that resulted in the loss of 1,500 Bitcoins. Later, in 2016, the U.S. Commodity Futures Trading Commission fined Bitfinex for illegal off-exchange commodity transactions.
Domain Age
The domain age of Bitfinex.com is 11 years, 4 months and 8 days as of 19 Feb, 2024. This website’s domain was registered on 11th of October 2012.
Alternatives
While Bitfinex remains a popular choice, several alternatives cater to crypto enthusiasts. Here are a few noteworthy options:
- Binance: A global crypto-currency exchange with a wide range of supported coins and robust features.
- Kucoin: Offers digital asset transaction and exchange services, integrating premium assets worldwide.
- Coinbase Exchange: A user-friendly platform for buying, selling, and storing digital currencies.
- UPHOLD: Digitizes money, providing instant and secure financial services.
- BitMEX: Known for various contract types and high-volume trading.
Conclusion
Bitfinex.com continues to play a pivotal role in the crypto landscape. Its longevity, diverse offerings, and commitment to security make it a go-to platform for traders and institutional investors alike. As the crypto market evolves, Bitfinex remains at the forefront, adapting to meet the needs of its global user base.