Bitfinex has launched a beta version of EOSfinex Non-Castaodian Exchange for tokens on EOS

Bitfinex developers have launched beta-version of non-castable exchange EOSfinex for trading in major cryptov currencies and tokens released on EOS blockchain.
According to leading EOSfinex product specialist Steven Quinn, direct access to the liquid markets of Bitfinex will provide an opportunity to trade large volumes of EOS, USDT and other cryptov currencies "economically".

According to the developers, the launch of the beta version of EOSfinex will make it possible to compare orders offline, while leaving the storage and settlement in a block list. This would increase the speed of transactions, as they will not be bound to the block confirmation time. According to EOSfinex spokesman Chi Zhao, the exchange will support transactions with crypto assets with large market capitalization, including BTC, ETH, LTC and staplecoins.

EOSfinex, based on EOSIO technology, will support Equilibrium Stablcoins (EOSDT) and Everipedia (IQ), as well as interconnectable derivative tokens known as pTokens. The company said the launch will help address the lack of liquidity in token trading at EOS.

In addition, EOSfinex will conduct asset stacking on behalf of users, "covering the cost of network resources for traders. According to Zhao, this will free up blocked EOS users and further increase liquidity in the EOS ecosystem.

Verification of EOSfinex accounts is an optional condition for trading or operations with crypto assets. A three-level system of individual authentication levels has been implemented in the Exchange. According to CoinMarketCap, Bitfinex is the sixth largest cryptovrency exchange in terms of trading volume.

For the first time EOSfinex development became known two years ago. At that time, it was planned that the platform will be launched in early 2019, but the launch was eventually postponed.