By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    ALCEDO Offers Real Cryptocurrency Adoption in its Purest Form
    ALCEDO Offers Real Cryptocurrency Adoption in its Purest Form
    2 years ago
    Crypto Commonwealth: A Blockchain project en route to a world-leading publisher and asset manager
    Crypto Commonwealth: A Blockchain project en route to a world-leading publisher and asset manager
    2 years ago
    CoinZoom Launches OTC Desk to Fill Gap for Institutional Customers
    1 year ago
    Latest News
    Trezor Launches Trezor Safe 7: First Hardware Wallet With Transparent Secure Element
    7 hours ago
    Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry
    9 hours ago
    MEGACAMPUS SUMMIT 2026 TO BE HELD IN DUBAI — THE WORLD’S LARGEST LECTURE EVENT
    11 hours ago
    Aster Unveils Rocket Launch: A Gateway to Early-Stage Crypto Projects and Trading Rewards
    12 hours ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    10 Cryptos Listed as Securities: Top Tokens Under Regulation
    10 Cryptos Listed as Securities: Top Tokens Under Regulation
    5 hours ago
    10 Best Crypto Volume Trackers for Accurate Market Insights
    10 Best Crypto Volume Trackers for Accurate Market Insights
    1 day ago
    10 Best Crypto Trading Courses on YouTube
    10 Best Crypto Trading Courses on YouTube
    2 days ago
    10 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    9 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    3 days ago
    10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
    10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
    6 days ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: Bitfinex partners with Koine to launch institutional-level hosting service
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Bitfinex partners with Koine to launch institutional-level hosting service
Exchange News

Bitfinex partners with Koine to launch institutional-level hosting service

How To Find Local Experiences – Travel Like a Local Anywhere
Last updated: 03/02/2023 4:08 PM
Coinworldstory
5 years ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Bitfinex partners with Koine to launch institutional-level hosting service
SHARE

Bitfinex provides some services to professional customers by supporting algorithmic trading and over-the-counter trading. Bitfinex said that the new service suite will help encourage institutions to participate in the cryptocurrency market.

In an interview, Phil Mochan, the founder and head of strategy and corporate development of Koine, explained how his security model for cryptocurrency asset custody works.

Its solution does not follow the established procedures of “hot storage” or “cold storage”, but uses three separate technologies called “digital airlocks” because their functions are similar to physical airlocks:

Mochan pointed out that external airlocks are still as vulnerable as traditional hot wallets. He emphasized that the difference is that “the median balance held there is zero, and when the balance is non-zero, it is insured.”

- Advertisement -

In addition, the entire process is clearly carried out in the “sub-millisecond time frame”, mainly relying on hardware rather than software.

Blockchain as a “single source of truth” eliminates the need for post-transaction mediation

In addition to this secure hosting method, Koine’s technical design is almost completely automated and does not rely on human intervention. It is said that it can process more than 200,000 transactions per second.

Koine’s post-transaction service aims to remove blockchain assets from the transaction cycle through a dematerialization process, thereby eliminating the need for manual processes.

He pointed out that traditional markets—such as the stock and bond markets—also tend to dematerialize assets, but they still use a multi-level trading model and require intensive reconciliation.

- Advertisement -

Isolated ownership

Finally, Koine ’s services always ensure the legal ownership of all cryptocurrency assets and (digital) fiat currencies by keeping all assets involved in the transaction under an isolated ownership model.

A Bitfinex representative revealed in an interview that Koine and Bitfinex are also undergoing some integration, “so that groups of customers who are both Koine and Bitfinex can use the tokens held in Koine to obtain credit lines on Bitfinex.”

- Advertisement -

New products and old contradictions

According to reports, Bitfinex’s derivatives platform recently launched a new permanent swap product that allows traders to speculate on the Bitcoin market share.

The exchange also launched its own social network “Bitfinex Pulse” last month to encourage exchanges between traders.

At the same time that these new products and services are emerging, Bitfinex’s parent company iFinex received a class action lawsuit in early 2020 for alleged market manipulation.

Bitget Expands RLUSD Trading With New Crypto Pairs Amid Growing Demand
Over $84M in Crypto Set to Flood the Market Next Week – PYTH Leads Shocking Insider Unlock Wave
Over $5 Billion Set to Hit FTX Creditors’ Wallets Starting May 30 – See Who’s Getting Paid and How Much
Coinbase Acquires Deribit in $2.9 Billion Bid to Dominate Crypto Derivatives Market.
Binance Issues KYC Re-verification Alert to Indian Users Amid Regulatory Scrutiny
Share This Article
Facebook Email Print
How To Find Local Experiences – Travel Like a Local Anywhere
ByCoinworldstory
Coinworldstory.com Provide Latest Review From, ICO,, Bitcoin, Paid To Click, Blockchain Technology, Affiliate Marketing, Mlm, Etc.Our Team Expert In This Field And Provide Latest Information To Our Users. Thanks For Visiting Coinworldstory.com
Previous Article Reddit Launches Ethereum-based Moon Token Reddit Launches Ethereum-based Moon Token – Get Free Reward
Next Article Chromia Chromia Ico Review : New blockchain platform for decentralized applications
10 Cryptos Listed as Securities: Top Tokens Under Regulation
10 Cryptos Listed as Securities: Top Tokens Under Regulation
Altcoins
Trezor Launches Trezor Safe 7: First Hardware Wallet With Transparent Secure Element
Press Releases
Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry
Press Releases
10 Best Crypto King: Top Influential Leaders in Cryptocurrency
10 Best Crypto King: Top Influential Leaders in Cryptocurrency
CRYPTO

Latest Published

BlockDAG Reach $600 Million

Google Apologizes: Pledges Ethical AI Reform amid Criticism

2 years ago
JPMorgan Urges U.S. to Maintain Oversight on Tether Amid Regulatory Uncertainty

JPMorgan Urges U.S. to Maintain Oversight on Tether Amid Regulatory Uncertainty

2 years ago
Bitcoin's Bull Run Is Here to Stay

Bitcoin’s Bull Run Is Here to Stay

2 years ago
Institutional Investors Commit $86.5M to Crypto: Paradigm Shift Unveils

Institutional Investors Commit $86.5M to Crypto: Paradigm Shift Unveils

2 years ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
coinworldstory logo coinworldstory logo
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?