Crypto Exchange Bitfinex Launches “Increase Position’ Feature To Allow Users Add Liquidity

Announcements, News | November 27, 2020 By:

Crypto trading platform Bitfinex has launched Increase Position to enable traders to free up liquidity while in leveraged positions.

Founded in 2012, Bitfinex offers services for digital token traders and global liquidity providers in addition to a suite of advanced trading features and charting tools. Bitfinex focuses on providing support, tools, and innovation for experienced traders and liquidity providers available in authorized jurisdictions around the world.

The advanced trading feature that complements Position Claim, which allows users to settle a leveraged position using funds in their margin wallet. The Increase Position feature allows users to create or increase a margin position, adding exposure without the need for additional trading.

Increase Position allows users to maintain their exposure to an asset such as bitcoin while adding liquidity to their portfolio which could then be used for further trading strategies. The additional borrowing could also be removed from the platform. As this feature is a transfer between wallets/positions, it also reduces the chances of operational errors and the accumulation of trading fees.

“Increase Position is the perfect feature for sophisticated traders that want to maximize their portfolio management strategies,” said Paolo Ardoino, CTO at Bitfinex. “Increase Position enables users to enter or extend margin positions and obtain access to a variety of borrowing options.”