Cryptocurrency exchange Bitfinex has launched a peer-to-peer (P2P) funding portal facilitating borrowing and lending on the exchange. The new feature, aptly named Bitfinex Borrow, allows users ...

"Bitfinex Funding, Lending Pro and Bitfinex Borrow are all part of the same, peer-to-peer lending markets. These are different products, using the underlying same pool of funding," Ardoino said.

Bitcoin Margin Longs on Bitfinex Defy Bearish Seasonality The number of bullish bets raised with the help of borrowed funds has steadily increased since late August.

Currently, borrowing BTC for 60 days on Bitfinex carries an annualized cost of 3.14%, while the funding rate for Bitcoin perpetual futures stands at 4.5%.

The post Jack Mallers' Twenty One Capital Receives Over 25,000 BTC as Pre-Funding From Tether, Bitfinex appeared first on Cryptonews.