Share this article
Coinffeine Demonstrates Distributed P2P Bitcoin Exchange Platform
Spanish cryptocurrency startup Coinffeine has demonstrated a trial version of its new p2p bitcoin exchange platform at an event in Madrid.
Updated Sep 11, 2021, 11:24 a.m. Published Dec 22, 2014, 1:01 p.m.
Make us preferred on Google
Spanish cryptocurrency startup Coinffeine has demonstrated a trial version of its upcoming peer-to-peer (p2p) bitcoin exchange platform.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The distributed and open-source exchange will allow users to buy and sell bitcoins anonymously without having to depend on a centralised entity.
describes the protocol as "pioneering" and says it will allow banks and other financial institutions to offer cryptocurrency services with "all legal guarantees".
The application has been “more than a year in the making” the firm says, adding that it has received support from the bitcoin community, as well as the banking and FinTech sectors.
CEO Alberto Gómez, who presented the product at the demo event in Madrid, said Coinffeine is sure the software will make a big impact on the global bitcoin ecosystem.
He added:
"Coinffeine is a technology that serves as a perfect framework where banks can meet the future world of finance brought on by the cryptocurrencies.”
First live demo
During the session, Álvaro Polo, co-founder of Coinffeine, executed a purchase of 0.5 BTC via the platform, while Sebastian Ortega (also a co-founder) explained the theoretical and technical basis of the protocol, which is based on 'game theory'.
The exchange protocol uses a distributed contract concept known as a 'micropayment channel'. Deposits provided by the two participating parties are used to ensure fairness and incentivise them to complete the transaction.
Event attendees were presented with codes allowing them to install the trial version of the application. This will allow them to take part in the testing stage prior to the official beta launch, which is slated for early 2015.
Back in May, the company’s chief technology officer and co-founder Ximo Guanter told CoinDesk that the company’s ultimate goal was to create a trustless, truly peer-to-peer exchange platform not unlike file-sharing platform BitTorrent.
Gomez pointed out that the new technology provides banks with an opportunity to enter the cryptocurrency space while avoiding the vulnerability inherent in centralized exchanges.
Just last month, Spanish bank Bankinter made an investment in Coinffeine through its innovation foundation.
Images via Coinffeine
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Silver nears $1B in volume on Hyperliquid as BTC remains frozen: Asia Morning Briefing
Silver perps have more volume on Hyperliquid than SOL or XRP.
What to know:
- Silver futures on the Hyperliquid crypto derivatives exchange have surged to become one of its most active markets, ranking just behind bitcoin and ether in trading volume.
- The SILVER-USDC contract’s high volume, sizable open interest and slightly negative funding suggest traders are using crypto infrastructure for volatility and hedging in macro commodities rather than for directional crypto bets.
- Bitcoin is holding near $88,000 in a "defensive equilibrium" with cooling ETF inflows, uneven derivatives positioning and rising demand for downside protection, while ether lags and capital rotates toward hard assets like gold and silver.
Top Stories
