Bitfinex Launches Social Platform for Trading News and Content Distribution 

Bitfinex, one of the most popular cryptocurrency exchanges, has launched a social platform for community members to interact and share ideas. Earlier this morning, the British Virgin Islands firm made the announcement on its official Twitter handle.

How Bitfinex Pulse Works

As the firm explained, the new app, which it called Bitfinex Pulse, will serve as a medium for interactions, discussions, and for users to “feel the pulse” of the exchange’s expansive community.

The exchange went further in an interview with news source Finance Magnates, explaining that it had tailored the platform to meet the needs of crypto traders. At the same time, community members will also be able to leverage on their peers to get trading edges and make money.

For instance, the network will provide verified users with channels where they can interact, while users can select if they want to post their “pules” – essentially, posts, like tweets and Facebook updates – publicly. Note that all users will be able to publish private pulses.

Users select nicknames when they sign up, and they can write pulses, share pulses, and also like other users’ pulses as well. In addition, they can also share their pulses to other social media platforms, including Twitter and Facebook. These shared pulses can be liked by other members who are logged into the Bitfinex Pulse platform.

Paolo Ardoino, the exchange’s Chief Technical Officer, has given his props to the service, which he believes will grow to become a valuable source of information to members of the crypto community.

“We have launched Bitfinex Pulse in response to the demand of our users for a professional content distribution platform for traders. Building on the success of the public leaderboard — which has already created crypto icons on Twitter.”

Bitfinex’s Customer-Focused Approach

Bitfinex has been launching several sources lately, with the company responding to a growing trend in consumer demands on its service. Earlier this month, the company launched a staking service, which would allow users to earn passive income on proof-of-stake (PoS) assets that they hold on its platform. The service, which was launched on April 3, will offer users staking rewards up to 10 percent per annum on all PoS crypto assets.

At the time, Ardoino explained that clients had asked for the exchange to introduce staking, as they believed it would help encourage them to hold more PoS assets and also keep their holdings on the exchange – while also earning some returns in the process.

The service currently supports three digital assets; Cosmos (ATOM), V-Systems (VSYS), and EOS. Ardoino added that it would be adding Tezos (TZS) in May, while other assets will be coming in the next few months.

The CTO also confirmed that Bitfinex would be launching new P2P margin trading and lending-related products in the near future, with a view to enhancing its derivatives trading service and providing customers with more trading opportunities.