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Corporation
bitfinex.com

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Investments

8

Partners & Customers

10

About Bitfinex

Bitfinex is a digital asset trading platform for Bitcoin, Litecoin, and Darkcoin with many advanced features including margin trading, exchange, and liquidity swaps.

Bitfinex Headquarter Location

Hong Kong

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Research containing Bitfinex

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CB Insights Intelligence Analysts have mentioned Bitfinex in 1 CB Insights research brief, most recently on Oct 19, 2021.

Latest Bitfinex News

Tether’s dirt to be revealed and court has dismissed its pleas against NYAG and Coindesk

May 19, 2022

Tether’s dirt to be revealed and court has dismissed its pleas against NYAG and Coindesk Tether’s seeks US Court to restrict public from viewing it’s documents. Tether is a stablecoin issuer that is housed on the Bitcoin and Ethereum blockchains, among others. Tether is a stablecoin that rules the crypto market, with more than $74 billion in tokens and accounting for more than half of bitcoin transactions. The New York Attorney General’s Office and Coindesk are essentially at odds with Tether. The issue with NYAG is that it owns all of Tether and Bitfinex’s non-public disclosure records, and Coindesk, a competitor of Tether, wants to buy them from NYAG and make them public. What’s the petition? The petition that Tether raised was against the view of documents by public and its competitor Coindesk. The petition stated that, Tether requests permission to block the disclosure of reserves which was formed during the course of the year, from the public. The petition was rejected by the court. Cryptowhale tweeted a tweet acknowledging that the court has dismissed the plea of Tether. Lets look at the tweet below: BREAKING: New York Supreme Court has REJECTED Tether’s petition to block the public from receiving documents detailing the composition of Tether’s reserves over the past few years. #Tether #Bitfinex $USDT pic.twitter.com/14ijOZnws7 Picture Credits: Cointelegraphto Coindesk being one of the competitors of Tether, wanted to hold the documents which had the information about the reserves tether made. However, tether was not interested in sharing the documents with it rival under any circumstance. So, when coindesk stuck tether with NYAG move, Tether filed a lawsuit in February. The lawsuit mainly stated “The records here include Bitfinex and Tether’s non-disclosure, non-public internal documents that were acquired after a significant outflow of money and a commitment that it should not be bought by any of its competitors,” according to the statement. Tether paid NYAG roughly $18.5 billion a year ago to conceal the $850 million dirt in its payment processor. Tether and Bitfinex are also suspected of working illegally and concealing enormous financial losses in order to keep the scheme afloat, earning a large sum of money in the process. However, as the situation become more public, Tether launched a lawsuit against NYAG in August. The lawsuit accuses NYAG of revealing non-disclosure agreements and information to its competitor Coindesk. The conclusion: It is clear that Tether and Bitfinex have been allegedly functioning unlawful and unethical schemes and when NYAG wanted to fight for it, they became defensive by filing a lawsuit. However, the lawsuit went in vain as the court straightaway dismissed the plea against NYAG and Coindesk for viewing the non-disclosure document about the reserves that Tether earned with all the fraudulent activities.

Bitfinex Investments

8 Investments

Bitfinex has made 8 investments. Their latest investment was in Blockstream as part of their Series B on August 8, 2021.

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Bitfinex Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/24/2021

Series B

Blockstream

$210M

Yes

Baillie Gifford & Co., and Undisclosed Investors

29

3/11/2021

Seed VC

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$99M

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10

9/8/2020

Seed VC

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10

9/1/2020

Seed

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$99M

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10

6/1/2019

Series A

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$99M

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10

Date

8/24/2021

3/11/2021

9/8/2020

9/1/2020

6/1/2019

Round

Series B

Seed VC

Seed VC

Seed

Series A

Company

Blockstream

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Amount

$210M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Baillie Gifford & Co., and Undisclosed Investors

Sources

29

10

10

10

10

Bitfinex Partners & Customers

10 Partners and customers

Bitfinex has 10 strategic partners and customers. Bitfinex recently partnered with openpayd on April 4, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

4/14/2022

Partner

Bitfinex collaborates with OpenPayd to enable SEPA payments

Bitfinex collaborates with OpenPayd to enable SEPA payments

3

4/14/2022

Partner

14th April 2022 | Member News, News. Bitfinex collaborates with OpenPayd to enable SEPA payments - Innovate Finance – The Voice of Global FinTech

ROAD TOWN , British Virgin Islands , April 14 2022 7AM UTC -- Bitfinex , a state-of-the-art digital token trading platform , in collaboration with fiat on-ramp services provider OpenPayd , is enabling real-time Single Euro Payments Area payments for euro-denominated deposits and withdrawals .

1

10/26/2021

Vendor

Israel

Bitfinex Taps Simplex for Crypto On-Ramp Services

The crypto exchange , Bitfinex announced on Tuesday that it has tapped the services of Simplex , a subsidiary of Nuvei , to offer crypto on-ramp functionalities to its users .

1

3/18/2021

Partner

United States

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10

10/14/2020

Partner

United States

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10

Date

4/14/2022

4/14/2022

10/26/2021

3/18/2021

10/14/2020

Type

Partner

Partner

Vendor

Partner

Partner

Business Partner

Country

Israel

United States

United States

News Snippet

Bitfinex collaborates with OpenPayd to enable SEPA payments

Bitfinex collaborates with OpenPayd to enable SEPA payments

14th April 2022 | Member News, News. Bitfinex collaborates with OpenPayd to enable SEPA payments - Innovate Finance – The Voice of Global FinTech

ROAD TOWN , British Virgin Islands , April 14 2022 7AM UTC -- Bitfinex , a state-of-the-art digital token trading platform , in collaboration with fiat on-ramp services provider OpenPayd , is enabling real-time Single Euro Payments Area payments for euro-denominated deposits and withdrawals .

Bitfinex Taps Simplex for Crypto On-Ramp Services

The crypto exchange , Bitfinex announced on Tuesday that it has tapped the services of Simplex , a subsidiary of Nuvei , to offer crypto on-ramp functionalities to its users .

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Sources

3

1

1

10

10

Bitfinex Team

2 Team Members

Bitfinex has 2 team members, including current Chief Technology Officer, Paolo A..

Name

Work History

Title

Status

Paolo A.

Chief Technology Officer

Current

Will Harborne

Founder

Former

Name

Paolo A.

Will Harborne

Work History

Title

Chief Technology Officer

Founder

Status

Current

Former

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