Traders' Horizon Broaden: Collaboration between Bitfinex and Thalex for Offering Advanced Derivatives to All Market Participants
Crypto Giant Bitfinex Shakes Up the Game with Thalex Integration
Bitfinex, a leading name in the cryptosphere, is on a mission to broaden financial liberty, not just for the unbanked, but also for seasoned traders. In a groundbreaking move to streamline access to crypto options and derivatives, Bitfinex has fully merged Thalex, a cutting-edge derivatives platform. The message is loud and clear: "Volatility is cheap, freedom is next, and that freedom is now within reach on Bitfinex.
Unveiling the Path Towards Smarter Trades
Derivatives have historically been seen as elite trading instruments. However, Bitfinex and Thalex seek to revolutionize this perspective. With the integration, any Bitfinex user can now indulge in Thalex's sophisticated trading products, such as linear options, futures, and perpetual contracts, directly from the Bitfinex interface.
What sets this apart is simplicity. No additional KYC formalities, no new accounts — just instant asset transfers between Bitfinex and Thalex, and trading within a unified, hassle-free experience. Whether you're a novice trying to test the waters or an experienced trader fine-tuning strategies, the new setup is designed to be seamless and welcoming to everyone.
More Than a Door – a Powerhouse Derivatives Engine
Thalex packs a punch. It offers a universal margin account, enabling users to hold margin in USD₮ (Tether), BTC, or ETH, and use it across all positions. Its platform also features portfolio margining, empowering traders to manage risk more effectively across different instruments.
Additionally, perpetual contracts on Thalex employ a clear and transparent pricing model. The funding rate is calculated as (Mark Price - Index Price) / 24 hours, sans any artificial dampers or caps. This ensures fair and continuous P&L (Profit and Loss) tracking for all users, fostering a transparent and professional trading environment.
Incentives for a Vibrant Market
To boost activity and liquidity, Thalex has kickstarted the Market Quality Program (MQP). This initiative rewards traders contributing significantly to the platform's liquidity with monthly incentives worth up to $200,000 USD in total rewards.
Contestants are assessed not just on volume, but on their overall contribution to the platform's order book health and stability. This strategy levels the playing field and acknowledges the dedication towards building a more accessible, efficient, and thriving marketplace for all.
Redefining Financial Freedom – Together
While Bitfinex has long championed the underbanked, this move signifies a broader vision. Financial liberty isn't just about access, it's about options, tools, and possibilities. By merging Thalex directly into its platform, Bitfinex empowers users from all corners of the trading world to participate in markets that were previously inaccessible.
- Bitfinex users can now access sophisticated trading products, such as linear options, futures, and perpetual contracts, directly from the Bitfinex interface, bridging the gap between ordinary traders and historically elite derivatives.
- Thalex's universal margin account allows traders to hold margin in USD₮ (Tether), BTC, or ETH and use it across all positions, providing a more flexible and efficient trading experience with portfolio margining.
- To promote activity and boost liquidity, Thalex has launched the Market Quality Program (MQP), which rewards traders for significantly contributing to the platform's liquidity with monthly incentives worth up to $200,000 USD in total rewards, fostering a vibrant and thriving DEFI and crypto trading market.
