Bitfinex just launched its own social network
- Crypto exchange Bitfinex just rolled out a new social media platform for its users.
- The new platform, known as Pulse, will allow traders a safe place for socializing and talking about crypto.
- Not only that, the posts — pulses — can also be shared on other social media, such as Twitter and Facebook.
Crypto exchange Bitfinex just rolled out a new service, this time in the form of a social network. The newly-launched platform’s name is Pulse, and it is available for all of the exchange’s users.What is Pulse all about?
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The new platform’s purpose is to provide a safe place for the exchange’s verified users. There, they can interact with one another, share important data, and speculate about trading and investing. Bitfinex even calls it ‘the next generation of social trading.’
As such, it will also allow traders to provide insight into the market, and share helpful advice. As a result, the trading community as a whole can expect to see major growth, simply through educating itself. But, more than that, Bitfinex also wants traders to simply share their thoughts and have fun.
Users will have the ability to decide whether their posts, of ‘pulses’, will be public or private. They can choose their nicknames, and then write, share, and like pulses posted by others. Public pulses will also be available for sharing on other online platforms, similarly to tweets. In fact, pulses can go on Twitter and even Facebook, according to the firm’s announcement.
Paolo Ardoino, the exchange’s CTO, said that “The concept of a social network for traders is not new, of course. What distinguishes Bitfinex Pulse is the quality of the content available.” He stressed that Pulse will have a special emphasis on real-time, high-quality, niche information sources.
The number of users is still unknown
Copy link to sectionSome details regarding the platform still remain unknown. For example, Bitfinex did not reveal how many verified users it has. As a result, it remains unknown how many users the platform itself might hope to see in days to come. Ardoino claimed that the exchange saw a large increase in user activity in the past four months.
He also mentioned a significant growth in new user acquisition, as well as trade volumes. Lastly, he noted that the users’ YTD time on the platform, on average, sits at around 21.55%. But, that is not surprising, considering that Bitfinex remains the most liquid spot exchange based on order book depth.
