Share this article
Bitfinex First Bitcoin Exchange to Offer On-Blockchain Transactions
Bitfinex has become the first bitcoin exchange to offer on-blockchain transactions.
Updated Sep 11, 2021, 11:43 a.m. Published Jun 4, 2015, 5:42 p.m.
Bitfinex has become the first major bitcoin exchange to offer on-blockchain transactions.
Typically, exchanges work off-chain, meaning that user balances are settled within a central database. Bitfinex's bid for greater transparency will allow users to check their segregated bitcoin wallets on the blockchain.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Trade settlements will be broadcast once per day, according to the company.
Zane Tackett, director of community and product development at Bitfinex, said:
"This represents the next logical step in ensuring the safety of the bitcoin entrusted to us by our users."
The exchange – which integrated BitGo's multisig technology – recently urged customers to halt deposits following a suspected hack, which is currently being investigated.
When asked if the launch was related to the breach of security, Tackett denied the link, adding that the partnership with BitGo had been in the works for months.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
