Bitfinex spinoff parts ways with troubled exchange as management eyes ‘regulated’ rebrand
According to a report from The Block, Ethfinex is relaunching as "DeversiFi" while separating itself from Bitfinex. Ethfinex originally launched in mind-2018 as a decentralized exchange for ERC-20 tokens and had recently overseen initial exchange offerings (IEOs) for Bitfinex on the Tokenix platform. Under the DeversiFi umbrella the exchange will step back from its IEO duties and launch an entirely new exchange focused on institutional traders.
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