Bitfinex, along with Ethfinex, has just made an entry into the increasingly popular Initial Exchange Offering (IEO) space. The exchange has launched Tokinex – a new platform that will help on-ramp new token sale projects. The first token launch will be announced this Thursday i.e May 23, 2019.
Bitfinex follows other cryptocurrency exchanges such as Binance and OKEx which have made successful forays in the IEO business. IEOs hold immense advantages over ICOs such as a ready pool of liquidity, vetting of projects, elimination of scams, and stricter compliance with KYC and AML procedures.
The soon-to-be-announced token will be listed on both Bitfinex and Ethfinex platforms. Users can access Tokinex through their Bitfinex or Ethfinex logins.
Bitfinex recently launched LEO – its own exchange token recently. However, there is no information about the integration of the LEO token with Tokinex.
(Image Credit: Ethfinex)