Why is bitfinex so large? | Bitcointalksearch.org

redsn0w

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#Free market

Quote from: Muhammed Zakir on February 16, 2015, 06:28:14 AM

Quote from: redsn0w on February 16, 2015, 06:18:14 AM

An example of various exchange that are using multiSig are : theRocktrading.com , bitstamp.net e bit-x.com (I don't know other exchange).

Do you know public address of any of these?

-MZ

I meant the standard multisig for the various personal bitcoin deposit addresses, I don't know their personal cold wallet's address. Maybe walletexplorer.com can help us, but at the moment it seems down.

Muhammed Zakir

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I prefer Zakir over Muhammed when mentioning me!

Quote from: redsn0w on February 16, 2015, 06:18:14 AM

An example of various exchange that are using multiSig are : theRocktrading.com , bitstamp.net e bit-x.com (I don't know other exchange).

Do you know public address of any of these?

-MZ

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

An example of various exchange that are using multiSig are : theRocktrading.com , bitstamp.net e bit-x.com (I don't know other exchange).

Muhammed Zakir

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Activity: 560

Merit: 509

I prefer Zakir over Muhammed when mentioning me!

Quote from: fish731 on February 15, 2015, 02:58:21 PM

Does bitfnex use bitgo multisig for its cold wallet now?

I don't think so.

Quote from: fish731 on February 15, 2015, 02:58:21 PM

What about the hot wallet, does that use bitgo multisig too?

-MZ

fish731

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Quote from: Muhammed Zakir on February 15, 2015, 03:29:35 AM

Quote from: BitCoinNutJob on February 15, 2015, 02:31:58 AM

They have kept innovating vs someone like bitstamp who haven't improved 1 bit and also are the most expensive site to trade on.

Bitstamp has partnered with BitGo and it is harder to hack now.

.......

Does bitfnex use bitgo multisig for its cold wallet now? What about the hot wallet, does that use bitgo multisig too?

TheKoziTwo

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Quote from: abercrombie on February 14, 2015, 08:51:04 PM

Bitfinex & BTC-e are the only major USD exchanges over a year old to have:

· never been hacked (bitstamp, gox)
· never seized customer wallets (bitstamp kyc compliance)
· strong volume

BTC-e was hacked once (liberty reserve api) and Bitfinex launched their site with leaked source code (from bitcoinica hack)

Muhammed Zakir

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Quote from: BitCoinNutJob on February 15, 2015, 02:31:58 AM

They have kept innovating vs someone like bitstamp who haven't improved 1 bit and also are the most expensive site to trade on.

Bitstamp has partnered with BitGo and it is harder to hack now.

Quote from: kingscrown on February 15, 2015, 02:40:48 AM

imop bitfixnex and btce are the bestest

+1. I like the word 'bestest'. Grin

-MZ

kingscrown

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http://fuk.io - check it out!

imop bitfixnex and btce are the bestest

BitCoinNutJob

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Quote from: econo on February 14, 2015, 09:04:39 AM

Bitfinex is now the largest USD exchange and has processed 15M$ in the last 24 hours. They charge something like the standard 0.20%, that means they are pulling 20M$ annualized revenue, of which probably 50% are profits. Now, I remember using Bitfinex a year ago and it was full of bugs. The operator seemed to be a complete amateur (at least he did not lose any clients funds so far). Why is this exchange so large? Because of margin trading? It boggles my mind how little exchange innovate and how much money they pull in.

They have kept innovating vs someone like bitstamp who haven't improved 1 bit and also are the most expensive site to trade on.

abercrombie

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Bitfinex & BTC-e are the only major USD exchanges over a year old to have:

· never been hacked (bitstamp, gox)
· never seized customer wallets (bitstamp kyc compliance)
· strong volume

econo

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Bitfinex is now the largest USD exchange and has processed 15M$ in the last 24 hours. They charge something like the standard 0.20%, that means they are pulling 20M$ annualized revenue, of which probably 50% are profits. Now, I remember using Bitfinex a year ago and it was full of bugs. The operator seemed to be a complete amateur (at least he did not lose any clients funds so far). Why is this exchange so large? Because of margin trading? It boggles my mind how little exchange innovate and how much money they pull in.

Topic: Why is bitfinex so large? (Read 1127 times)