Press Release

Bitfinex Announces Support for pNetwork to Bring Crypto Assets Cross-Chain

Bitfinex Announces Support for pNetwork

Road Town, British Virgin Islands — October 22, 2020 – iFinex Inc. has announced today an integration with the pNetwork (pTokens network). pTokens is a cross-chain system enabling assets to move frictionlessly from one blockchain network to another. At launch, pTokens’ pBTC, pETH, and pLTC, will be listed on non-custodial digital asset exchange and iFinex brand eosfinex, bringing the top crypto assets to the EOS blockchain through the Bitfinex on-chain ecosystem.

As decentralized finance (DeFi) continues to expand its reach, dApps and cross-chain tokenization are still restricted by blockchain walls. pTokens will allow major crypto assets to be used across different blockchain-powered applications and exchanges.  As a transparent and security-oriented solution connecting multiple blockchain protocols, pTokens allow for asset transfers by means of the pTokens bridge. 

Upon this integration with the pTokens cross-chain network, eosfinex will generate an instant advantage for the Ethereum and EOS ecosystems. The integration will enable bitcoin, and other major cryptocurrencies, the ability to be tokenized, and moved on to DeFi blockchains directly from the Bitfinex platform.

pBTC, pLTC and pETH deposits and withdrawals will be available from Bitfinex for Ethereum and EOS through the pTokens network.

“We’re delighted to announce this significant milestone providing Bitfinex customers the opportunity, through our noncustodial service, eosfinex, to trade leading digital tokens cross-chain,” said Paolo Ardoino, CTO at Bitfinex. “Our support for pTokens will provide a much-needed gateway to the DeFi ecosystem for Bitfinex customers using Bitfinex liquidity.”

“While pTokens connects multiple blockchain environments, eosfinex bridges the centralized and decentralized exchange worlds. This strategic cooperation between the two projects will result in a high throughput, cross-chain, decentralized trading experience for DeFi users,” said Steven Quinn, Head of Product & Business Strategy at eosfinex.

“eosfinex and pTokens both aim to improve the decentralized finance experience for users,” said Thomas Bertani, Project Lead at pNetwork. “eosfinex lets its users tap directly into Bitfinex order books, bringing the liquidity of a major centralized exchange to the decentralized world. pTokens will unlock the capabilities of today’s biggest digital assets, making them compatible across different blockchain-based dApps. Together, eosfinex and pTokens will act as a bridge between the EOS ecosystem and Bitcoin’s vast market.”

About Bitfinex

Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for digital tokens traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world. Visit bitfinex to learn more.

About eosfinex

eosfinex, a Bitfinex service, is a suite of non-custodial services powered by a hybrid non-custodial digital asset exchange that offers a highly liquid, performant, and robust trading experience built on EOSIO technology. As a decentralized and trustless exchange trading experience developed on a foundation of enhanced security, performance, and integrity, eosfinex facilitates low cost and user-friendly peer-to-peer trading of premium digital assets with the speed of centralized exchanges and the security of trustless blockchain technology.

About pNetwork 

The pNetwork is the underlying architecture for pTokens, a cross-chain system enabling assets to move frictionlessly from one blockchain to another. Currently, pTokens enable the transparent interaction among major blockchain protocols, including Bitcoin, Ethereum, EOS and Litecoin. pNetwork is the decentralized governance layer operating the pTokens bridges. It is home to the pNetwork DAO and the ecosystem’s governance token PNT.

Tech Junkie is a small word for Vikas Kaushik. Whether the latest game on the market or a new gadget launch he is the go-to person. He drives his motivation from the fast-paced technological advancements. He ensures that the right news reaches niche audiences. An avid biker and movie buff he has deep-rooted faith in upcoming technological inventions and is a torchbearer for the tech revolution.

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