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Ethfinex

Ethfinex

Ethfinex is a smart contract based decentralized cryptocurrency exchange built using the Ethereum platform.

OverviewStructured DataIssuesContributors

Contents

ethfinex.com
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Finance
Finance
Technology
Technology
Cryptocurrency
Cryptocurrency
Financial technology
Financial technology
Decentralized application (dApp)
Decentralized application (dApp)
Digital currency
Digital currency
Cryptocurrency exchange
Cryptocurrency exchange
0
...
Location
Taipei, T'ai-pei, Taiwan
Taipei, T'ai-pei, Taiwan
Central, Hong Kong
Central, Hong Kong
B2X
B2B
B2B
CEO
Ross Middleton
Ross Middleton
0
Founder
Will Harborne
Will Harborne
AngelList URL
angel.co/ethfinex
Parent Organization
Bitfinex
Bitfinex
Number of Employees (Ranges)
11 – 50
Email Address
press@bitfinex.com
Founded Date
2017
0
Business Model
Commerce
Wellfound ID
ethfinex

Other attributes

Blog
blog.ethfinex.com
Company Operating Status
Active
Cryptocurrency Symbol
NEC0
Wallet
argent.xyz
metamask.io
trezor.io
coinbase.com/wallet/

Ethfinex is a smart contract based decentralized cryptocurrency exchange built using Ethereum that is headquartered in Hong Kong and was founded in August 2017 by Giancarlo Devasini, Paolo Ardoino, and Will Harborne. Ethfinex and the Ethfinex team spun out of the cryptocurrency exchange Bitfinex with the vision of creating a customer centric and liquid digital asset exchange platform.

The platform uses its own native cryptocurrency token based on the ERC20 token standard called the Nectar Token (NEC). Ethfinex features include spot trading, margin trading, and peer-to-peer funding & decentralized trading of Etherum tokens.

What is Ethfinex?

Nectar Token

The Nectar token is rewarded to Ethfinex market makers as loyalty tokens for providing liquidity to the platform. The Nectar loyalty rewards token is generated from the transaction fees charged by Ethfinex, and will gradually make the platform more decentralized as more Nectar tokens are distributed to users. 50% of all trading fees on the Ethfinex platform paid by makers and takers are directed into a smart contract that rewards NEC to liquidity providers at the end of each month in proportion to the total trading volume they engaged in that month. Holders of Nectar are able to participate in the governance of the decentralized Ethfinex exchange.

Ethfinex fee schedule

30 day trading volume (USD equivalent)
Maker fee
Taker fee

0.00 or more

0.10% — NEC reward

0.20%

1,000,000 or more

0.10% — NEC reward

0.17%

10,000,000 or more

0.10% — NEC reward

0.16%

20,000,000 or more

0.10% — NEC reward

0.14%

40,000,000 or more

0.10% — NEC reward

0.12%

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

'New Way To Reach (Global) Consensus' - Petr Bouška / Democracy 2.1

https://www.youtube.com/watch?v=jvYme9KpDeY

October 15, 2018

EthFinex - ERC20 Token Exchange - Clearly Explained

https://www.youtube.com/watch?v=bjqYN-ONU00

May 14, 2018

Ethfinex - The Home of Digital Token Exchange

https://www.youtube.com/watch?v=qYFICTa6VKo

September 8, 2017

Ethfinex Hopes to Break Stalemate by Offering In-Platform ICOs and Token Sales - Bitcoinist.com

Eustace Cryptus

https://bitcoinist.com/ethfinex-hopes-to-break-the-ico-stalemate-by-offering-in-platform-icos-and-token-sales/

Web

Ethfinex Liquidity Token

Ethfinex

https://www.bitfinex.com/ethfinex-whitepaper.pdf

Academic

References

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