Bitfinex Trading Volume, Rankings, Markets & Other Data

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Bitfinex remains one of the most enduring and influential players in the world of cryptocurrency exchanges. As a centralized platform with deep liquidity, advanced trading tools, and a long-standing market presence, it continues to attract traders seeking robust spot, derivatives, and margin trading options. In this comprehensive overview, we’ll explore Bitfinex’s current trading volume, market rankings, supported assets, fee structure, security history, and more—delivering valuable insights for both new and experienced crypto traders.

Current Market Standing and Trading Activity

Bitfinex currently ranks #8 on major exchange tracking platforms, reflecting its sustained relevance in the competitive crypto landscape. Over the past 24 hours, the exchange reported a trading volume of $100,609,302**, with a seven-day cumulative volume reaching an impressive **$216.8 billion. This consistent volume underscores Bitfinex’s role as a key liquidity provider in global digital asset markets.

The platform supports 315 trading pairs, combining 134 cryptocurrencies and 4 fiat currencies, including USD, EUR, GBP, and JPY. Among these, the ETH/USDT pair stands out as the most actively traded, highlighting strong demand for Ethereum against the widely used Tether stablecoin.

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Comprehensive Trading Markets and Supported Assets

Bitfinex offers a broad range of trading options tailored to diverse investor needs:

With support for over 180 coins, including major assets like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), as well as various ERC-20 tokens, Bitfinex caters to a wide spectrum of digital asset investors.

Fee Structure: Transparent and Tiered Pricing

Bitfinex employs a dynamic maker-taker fee model across its spot and derivatives markets, with rates adjusted based on 30-day trading volume and token holdings.

Spot Market Fees

There are 16 fee tiers, starting at:

Traders who exceed $7.5 million in monthly volume qualify for zero maker fees, incentivizing high-frequency trading.

Derivatives Market Fees

The derivatives segment features seven fee tiers:

This tiered system rewards active traders with progressively lower costs as volume increases.

UNUS SED LEO: The Utility Token Driving Savings

The native token of the Bitfinex ecosystem, UNUS SED LEO (LEO), plays a crucial role in reducing trading costs. Holders enjoy tiered fee discounts across both spot and derivatives markets:

In derivatives markets, Level 3 holders receive additional reductions of up to 0.5 bps (maker) and 1.5 bps (taker), further amplifying cost efficiency.

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Regulatory Availability and Geographic Restrictions

Bitfinex operates as a region-restricted platform. While accessible in many countries, it is unavailable in several jurisdictions due to regulatory constraints. Notably, the exchange does not serve users in the United States, Bangladesh, Bolivia, Ecuador, or Kyrgyzstan.

Users must complete KYC (Know Your Customer) verification to access advanced features like margin trading and fiat deposits. This compliance framework aligns with international financial regulations and enhances platform security.

API Access for Developers and Algorithmic Traders

For developers and automated trading systems, Bitfinex provides robust API access that enables:

These APIs are essential for algorithmic traders aiming to capitalize on market inefficiencies with speed and precision.

Company Background and Historical Milestones

Founded in 2012 by software developer Raphael Nicolle, Bitfinex is one of the oldest Bitcoin exchanges still operational today. Since 2013, it has been led by CEO JL van der Velde, a seasoned executive with decades of experience in technology and finance. Van der Velde also serves as CEO of Tether, reinforcing the close operational ties between the two entities.

The 2016 Security Breach

In 2016, Bitfinex suffered a significant cyberattack that resulted in the theft of approximately 119,756 BTC—then valued at around $72 million. The breach triggered a temporary halt in withdrawals and caused Bitcoin’s price to drop nearly 20% within hours.

By early 2022, the stolen Bitcoin was worth about $4.5 billion. In a major development, the **U.S. Department of Justice seized $3.6 billion worth of the stolen funds**, marking one of the largest cryptocurrency recoveries in history.

Despite this incident, Bitfinex rebounded through improved security protocols, insurance mechanisms, and transparent communication with its user base.

Frequently Asked Questions (FAQ)

What is Bitfinex’s current trading volume?

Over the last 24 hours, Bitfinex recorded approximately $100.6 million in trading volume, with a seven-day total exceeding $216 billion.

Is Bitfinex available in the United States?

No. Bitfinex is not available to users in the United States due to regulatory restrictions.

How does the LEO token reduce trading fees?

Holding UNUS SED LEO grants tiered discounts on both spot and derivatives trading fees, with higher holdings unlocking greater savings—up to 25%+ reductions plus basis point rebates.

Can I trade futures on Bitfinex?

Yes. Bitfinex offers futures contracts on over 60 cryptocurrency pairs, with tiered fee structures and support for up to 10x leverage in margin trading.

Does Bitfinex support credit card purchases?

Yes. Users can buy Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and other ERC-20 tokens using debit or credit cards, with a minimum transaction amount of $25.

Is KYC required on Bitfinex?

Yes. Full KYC verification is mandatory to access fiat services, margin trading, and other advanced features on the platform.

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