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The team of the bitcoin exchange P2P Hodl Hodl, announced that it made a strategic alliance with Bitfinex, one of the largest centralized cryptocurrency exchanges.
The press release, published on June 7, 2021 on the Hodl Hodl portal, reveals that, through this commercial alliance, exchange users will soon see the influx of greater liquidity in the loan service ( lend ) .
It should be noted that, at the Establishing this agreement, Bitfinex showed interest in the Hodl Hodl API, examining various solutions that could be built on top of the existing services of the P2P platform. Now, in addition to providing a liquidity boost, teams are also exploring building non-custodial bitcoin lending solutions with the Bitcoin Lightning Network.
We are very excited to partner with such an experienced and influential industry player. The knowledge and professional experience that we could draw from the Bitfinex team is priceless and we see that the cooperation is revolutionary for all of our current and future developments.
Max Kei , CEO of Hodl Hodl.
Noteworthy that one of Hodl Hodl’s problems in some countries is low liquidity, compared to other P2P exchanges, especially in trading operations. This type of commercial agreements could attract new users to the platform , which differs from others by not requiring a KYC verification (acronym in English for «meet your client ») to your users.