Bitfinex Suspends Fiat (EUR, USD, JPY, GBP) Deposits while Bitcoin Under Selling Pressure

Bitfinex has suspended its USD, EUR, JPY, and GBP deposits temporarily and expects the situation to normalize within a week. This has been while the market goes through serious sell-off with cryptos running in the deep red.

Amidst Bitcoin selloff, Bitfinex suspends fiat deposits

According to the Coinmarketcap data, Bitfinex ranks at 4th spot with the daily trading volume of $668 million that has seen a rise of over 150 percent just like a number of other exchanges as crypto sell-off accelerates in the red market.

Bitfinex is a spot trading platform for cryptocurrencies viz. Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, Monero, and a number of others that also offers margin trading “up to 3.3x leverage trading by providing traders with access to the peer-to-peer funding market.”

Now, amidst the red market and Bitcoin selloff, the exchange has suspended the fiat transfers as reported by the trader Crypto Squeeze on Twitter:

Read Full Story : Coingape

2018-10-11 15:12:51

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