Bitfinex Integrates Blockstream’s Liquid
By Mark Lemon – Cryptocurrency Dealer
The digital asset settlement network known as the Liquid Network rounds up and connects cryptocurrency institutions and exchanges from all over the world, permitting quick private Bitcoin transactions around the network. An institution seeking to make a large Bitcoin purchase could utilise the platform to conceal their transaction.
The purpose of the Liquid Network was to have the demands of digital asset traders addressed, which in turn would provide confidential, secure and above all, fast Bitcoin transfers across various networks. During high demand for buying Bitcoin, exchanges will occasionally source liquidity externally.
Here are some of the benefits that network participants can look forward to:
Quicker Trading: Thanks to reduced settlement times, traders can react to trading opportunities, potentially to sell or buy XRP a lot faster whilst sending between exchanges.
Enhanced Confidentiality: By default, every transaction on the Liquid Network is private, not only concealing the amounts, but also the type of assets from external sources to avoid front-running chances.
Stronger exchange spreads: USDT and Bitcoin can be circulated quickly by traders during exchanges so they can take advantage of the price differences, which would then decrease interexchange spreads across renowned trading pairs. This will provide a more universal price when buying crypto.
Paolo Ardoino, CTO of Bitfinex said the following:
“It reduces the integration burden for an exchange like ourselves, and traders can manage all their assets from a single wallet application”. Setting up account on various exchange to buy cryptocurrency is a key feature for traders to adopt this network.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
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