Bitfinex Users Can Officially Exchange Their Custom Algo Strategies on Paper
Bitcoin Enthusiast – Kenny
As per Bitfinex, users of the Honey Framework have more than tripled. Paper trading enables them to validate their plans without losing actual money.
Crypto exchange Bitfinex also launched a new feature for its algorithmic trading toolkit, enabling users to test their investment strategies without placing real funds at risk.
Bitfinex customers can now deploy the Honey System in their paper trading sub-accounts. Paper trading is a virtual exchange that helps people to practice purchasing and selling financial assets without losing actual money.
Paolo Ardoino, CTO of Bitfinex, claims the paper trading function is portion of his company's attempt to modernize finance. He described that the release of paper trading within Honey Framework brings together their commitment to “making powerful trading tools more accessible to the wider community.” Ardoino further explains how this new and exciting asset would continue to further grow their “customer base to explore highly sophisticated algorithmic trading strategies.”
The idea behind the Honey Framework is to help traders and developers to build their own automated trading techniques and order styles. And now being available in both NodeJS and Python, this highly anticipated toolkit is developed to help people configure and continue to grow their crypto market knowledge.
Honey Framework is expected to increase in prominence as the crypto bull market begins to draw experienced traders and institutional investors. Digital assets are currently estimated at more than $1.7 trillion.
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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:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards