Bitfinex’s New App Brings Lightning Network To Mobile Phones & Add Support for Tether Gold

  • Bitfinex’s 3.27.0 version now allows Lightning Network deposits
  • Tether Gold (XAU₮) icon also added after Bitfinex announced support for three margin trading pairs against Tether Gold

Bitfinex has launched the latest version 3.27.0 of its mobile app for both iOS and Android devices.

This new version of the Bitfinex mobile app now comes with Lightning Network deposits. This second layer on the Bitcoin network allows for cheaper and instant transactions that are otherwise not possible with the network. This feature is added as an option in the cryptocurrency dropdown menu of the app’s deposit panel.

Adding Support for Tether Gold (XAU₮)

Hong Kong-based exchange added a dedicated Tether (USDT) deposits page in this new version. Along with USDT, the exchange added the icon of Tether Gold (XAU₮) — a digital asset backed by physical gold which was introduced by Bitfinex’s sister firm Tether a few weeks back.

Bitfinex also announced support for three margin trading pairs against Tether Gold including Bitcoin (BTC), US Dollar (USD), and dollar-pegged stablecoin Tether (USDT) with a leverage of up to 5x.

Last year, Tether was accused of not being backed completely by US dollars. Tether Gold on the other hand, claims to be the “best way to hold gold” purportedly has its gold storage backing held in a Swiss vault.

Tether, a controversial stablecoin in the crypto market along with its affiliate company Bitfinex are currently facing a lawsuit that accuses it of manipulating the crypto market and causing the Bitcoin bull run of 2017 that saw the world’s leading cryptocurrency surging to its all-time high of $20,000.

Improvements and Bug Fixes

Other features in this new app included a redesigned deposit panel in the Wallets tab. Bitfinex did a few improvements as well that involved the addition of a search bar along with with the price alert numbers in the Price Alerts picker within the Accounts tab.

Furthermore, whenever the user will tap on a row in the Funding or Order Book panel, the corresponding amount and price will be automatically filled in the Order of Funding Form.

Bitfinex also has several fixed bugs including landscape height adjustment after rotation in Android and calendar-related issues in the date range picker of the Reports panel.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin Giving Strong Bullish Signals, Markets to Roar Higher into Next Year

Today, Bitcoin is on the move, aiming for $11,000, currently trading around $10,915. Adding to this bullishness is all the dry powder. $20 billion worth...

Bitcoin Re-Entering the ‘Intense Historical Trading' Area Following a Strong Uptrend

Bitcoin is back at near $11,000. The leading digital currency has been making its way upwards since the mid of last week. Today, to mark...

Alameda Research and Three Arrows Capital Outdoing Each Other to Mint Record WBTC

On Friday, FTX CEO Sam Bankman-Fried’s Almeda Research minted the biggest wrapped Bitcoin (WBTC) ever, as per WBTC Network. 2317 BTC was minted on Sept....

“Nothing Compares to My Bitcoin Bet,” Says Social Capital CEO Chamath Palihapitiya

Bitcoin was the best performing asset of the last decade, and in 2020, it remains a winner again. Compared to the S&P 500 hitting a...

The XRP Ledger Foundation Launches To Accelerate XRPL Adoption And Development

The XRP Ledger Foundation, a non-profit, announced its official launch on September 24. The Ledger Foundation would be responsible for supporting the development as...

Bitcoin Trading Like a ‘High Beta' But Social Sentiment Remains Subdued

After a somber start of the week, Bitcoin is all set to end it on a higher note. In the late hours of Thursday, the...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today