- The digital asset exchange, Bitfinex, introduces Paper Trading. Today, the exchange revealed on its official website that Paper Trading is live on the Bitfinex platform.
- However, this exclusive feature will accessible on recently created sub-accounts, helping user test procedures.
- Additionally, those accounts that are unverified can also use the paper trading facility.
The Exclusive Features of Paper Trading
However, this exclusive feature will accessible on recently created sub-accounts, helping user test procedures to trade bitcoin in a simulated market condition without the need to deposit real funds. This will offer the users to explore all the exciting trading features of the exchange.
Further, the Paper Trading will be accessible for Exchange and Margin Trading, Derivative Trading. Also, OTC between paper trading enables accounts. Additionally, those accounts that are unverified can also use the paper trading facility. Thus, allowing fresh users to understand the exchange’s portfolio better.
Apart from this, the key benefits of Paper Trading include Simulated Bitcoin exchanging without the need to deposit. Create various paper trading accounts in order to test different trading methodologies.
Also, the capacity to share paper trading strategies and ideas inside the Bitfinex Pulse community. Test balance available for all users for paper trading approaches—finally, no risk to real account funds.
Moreover, commencing from June 24, 2020, TESTBTC: TESTUSD, TESTBTC: TESTUSDT, and TESTAAA: TESTBBB trading pairs will be available for exchange trading.
Bitfinex Launches Dazaar
Recently, the crypto exchange announced that it is introducing an open-source P2P (peer-to-peer ) market for data streaming. Per reports, the exclusive platform, aka Dazaar, scheduled to go live on June 25, 2020.
The exchange stated that Dazaar, created as an extension to the Hypercore Protocol. That is a safe, appropriated append-only log that makes it simple to grow fast and scalable P2P applications.