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Paolo Arduino, technical Director of the Bitfinex exchange, believes that bridges between different blockchains will make transactions with usdt stablecoins cheaper. Arduino facilitated the pTokens development team that launched the bridge between the EOS and Omni blockchains. In the future, such bridges for interaction between different blockchains will reduce the load on the network and help reduce transaction fees.
At Bitfinex, you can trade 35 currency pairs, which include the US dollar, as well as the most liquid at the moment, crypto-currencies. Commission for operations depends on their monthly volume and is up to 0.2% for the buyer. In addition, the exchange has a commission for withdrawing funds, which depends on the specific currency and is 0.0004 bitcoins or 0.1% of the amount (minimum $ 20) when withdrawing in dollars. To register, trade or transfer from a crypto-cheater it is not required to indicate personal data, however, when placing funds in dollars or withdrawing them to a bank account, verification with the provision of documents is required.
The BitCrypto'ed blog claims that the Bitfinex Exchange is engaged in a fictional trade (wash trading). The blog article, consisting of two parts, reports on the alleged illegal activities of the exchange. In the first part, the author explains how the process takes place and why it is profitable for the exchange, and in the second - what could push Bitfinex to carry out such operations.
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