Bitfinex Drops Minimum Balance Requirement

Bitfinex exchange has dropped the $10,000 minimum equity threshold required for trading on the exchange. This will bring more retail investors on the cryptocurrency exchange.

The company stated that overwhelming demand for access to the exchange without a minimum capital requirement promoted them to take this decision. Recently, Bitfinex also launched an upgraded support center, new KYC portal and educational resources for information about tokens.

“We simply could not ignore the increasing level of requests for access to trade on Bitfinex from a wider cohort than our traditional customer base. For the last six months we have been working hard to ready our platform for a new wave of customer accounts and are now in a position to open Bitfinex to a wider audience. By dropping our minimum equity requirement, the only limits are now set by the traders themselves.

Jean-Louis van der Velde, CEO at Bitfinex

(Image Credit: Bitfinex Blog)

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