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Ethfinex Will Be Closing And Reemerging as DeversiFi

Janelle Fox

Summary: In an attempt to separate themselves from Bitfinex, Ethfinex will be closing down this month then later reemerge as DeversiFi, according to the company’s official blog. This change seems to stem from the lawsuit Bitfinex is facing along with iFinex and Tether for allegedly using USDT to cover up losses of $700 million.The name isn’t ...

In an attempt to separate themselves from Bitfinex, Ethfinex will be closing down this month then later reemerge as DeversiFi, according to the company’s official blog.

This change seems to stem from the lawsuit Bitfinex is facing along with iFinex and Tether for allegedly using USDT to cover up losses of $700 million.The name isn’t the only thing changing with DiversiFi as they will now allow users to complete orders directly from their private wallets.

By Janelle Fox

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