Cryptocurrency exchange Bitfinex owned and operated by iFinex Inc, headquartered in Hong Kong and registered in the British Virgin Islands, has rolled out a social networking platform for its users to share information and interact with each other. Bitfinex CTO Paolo Ardoino told a crypto news platform that the concept of a social network for traders is not new, but what makes Bitfinex Pulse different from others is the quality of the content available.
Pulse will have an emphasis on real-time and high-quality information sources tailored to its users.
Bitfinex Pulse, the next generation of social trading, has finally arrived!
— Bitfinex (@bitfinex) April 27, 2020
Crypto exchange Bitfinex CTO Paolo Ardoino further asserted that the company had seen a significant increase in year-to-date active user engagement, reaching over 20%, along with a growth in new user acquisition and trade volumes. On average, the company users’ year-to-date time spent on the platform is up by 21.55%. Both verified and unverified users of Bitfinex would be allowed to share market data or what platform calls it “pulses.” The crypto exchange launched the social networking platform in response to the demand of users for a professional content sharing platform for traders.
Bitfinex Pulse is tailored to the needs of crypto traders.
In a press release, Bitfinex said that the social networking platform Pulse is tailored to the needs of crypto traders, and the platform will provide its user base with the opportunity to leverage the exchange’s community to get a trading edge. The social network platform will provide channels for verified customers to interact with each other while also allowing users the ability to choose whether their “pulses” are posted publicly or privately. These “pulses” are published under the nickname picked by users. Users are allowed to write, share, and like pulses from other users, and public pulses can be shared on other social media platforms, including on Twitter and Facebook. The crypto exchange has joined a host of other exchanges that have moved toward incorporating social networking components to their platforms.