Bitfinex listing – and why one needs a market maker to manage token liquidity there

We’re a leading market maker with a strong presence on top global and local crypto exchanges. As of 2020, our algorithmic engine is integrated with Bitfinex, seamlessly ensuring 24/7 liquidity for digital assets of our partners.

Bitfinex is not an easy exchange to list on for startup projects and typically requires good organic volumes on a couple of other exchanges first. It’s an institutional exchange, meaning usually only the biggest tokens are allowed. Despite these challenges we can introduce you to Bitfinex’s verified listing team, assist in the listing process, and build liquidity for your token from the moment you get listed. We ensure both initial and long-term liquidity on Bitfinex by optimizing market depth and narrowing spreads.

Schedule a call to get my insights about listing on Bitfinex and advice on the best listing strategy for your token on this or other exchanges. – Piotr Stawinski, Co-founder and Partnerships at Empirica

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Facts about Bitfinex exchange

Bitfinex was founded in 2012 in Hong Kong. Currently, the platform is registered in the British Virgin Islands. According to the information provided by Coingecko, as of April 2024, the exchange offers 170 coins and 466 trading pairs and is included in the top 10 crypto exchanges based on the trading volume.

Bitfinex listing

Bitfinex has a remote corporate environment and its team unites experts in blockchain and crypto technologies from different corners of the world, including Europe, Asia, South and North America.

Why list on Bitfinex

Bitfinex is known for its serious criteria for tokens that will be approved for being listed on their platform.

To get approval as a candidate for being listed on the platform, a token project should fill in a special form offered by the exchange.

The Bitfinex assessment team always conducts a diligent analysis of the applications submitted by companies in order to offer their users only those tokens that will be of most interest to them. But this approach is a win-win game for projects: once listed, they can expect to see growing attention from the side of crypto investors and traders who rely on the expertise of the Bitfinex team.

One of the most important things when applying for listing on an exchange like Bitfinex is to come with a reputable market maker, that will take care of the liquidity of your coin from day 1.

Bitfinex’s score metrics

When choosing a venue for listing, it is important to check its reputation and general rank in comparison to other exchanges. A good choice is to check how CoinGecko, CoinMarketCap and Nomics rate the exchange.

CoinGecko uses Trust Score, a rating algorithm evaluating the legitimacy of an exchange’s trading volume. Trust Score is calculated on a range of metrics such as liquidity, scale of operations, cybersecurity score, and more. Bitfinex’s Trust Score is 8 point.

Bitfinex

CoinMarketCap’s Exchange Score is based on the following factors:

Web Traffic
Average Liquidity & Volume
the Confidence that the volume reported by an exchange is legitimate. Weights are assigned to the above-mentioned factors and a score from 0.0 to 10.0 is given to the Spot Exchange.

Bitfinex’s Exchange Score is 6.8 (10th place ranked by the Exchange Score at the moment of writing).

Listing on Bitfinex

Nomics’ metric is called Impact Score – and represents an exchange’s influence on the price of assets it trades. The score is a combination of web traffic, volume, and other factors.

Bitfinex’s Impact Score is a high 7.27. What is also important, the second Nomics metric, called Transparency Rating is a high A-. Nomics explains the purpose of these scores as rating cryptocurrency exchanges by their willingness to provide auditable history.

Bitfinex listing - metrics

Listing on Bitfinex with our help

We can support you on your way to Bitfinex listing and help you manage the liquidity on the platform. The usual process looks like this:

We set up a call to understand the phase of your project. The following points will be discussed:
- Are you already listed on DEXes or CEXes?
- What is the tokenomy of your project?
- Do you have a listing strategy for your digital currency?
We discuss the best possible liquidity strategy for your project.
If we agree to set up a partnership, we introduce you to verified managers of one or more exchanges (listing support).
After your project gets listed on a trading platform, we help you build your markets on platforms.

But why do you need a market maker on Bitfinex?

Managing a token startup is a real challenge. As a cryptocurrency project, you need to focus on building your products and services and leave liquidity to market makers.

A market maker will help you:

deepen the liquidity on your token’s books and make them more stable – which helps mitigate the price fluctuations of your coin
lower spreads between bids and asks so that the prices get fairer for investors; that reduces the cost of entering and exiting positions and encourages investors to trade your coin

In the 24/7 cryptocurrency markets, well-managed assets are supported by algorithmic market makers. They provide liquidity through their market-making services, supported by fully automated software algorithms. Empirica’s liquidity products are reputable top-notch algorithmic market making solutions.

Successful token listing during bear market

Listing is more than just negotiating fees with an exchange and successful listings require active involvement of a market maker. We know how to go through this process smoothly. Today’s listing requires a comprehensive approach, and our services include extensive support in this area.

Example project by Empirica

We are partnering with a web3 gaming startup that introduced a product with solid fundamentals and a clear use case. We supported token debuts on chosen centralized exchanges by providing initial deep liquidity for substantial trades from the first seconds it went public. Our role was to support token debut on three centralized exchanges as the only market maker responsible for listings.

The price increased up to 250% within the first week after listing, and remains stable after the first month. Since the listing, volumes have begun to rise significantly, reflecting a healthy market and good trading conditions (see the Price and Volume chart).

Learn more about our offering with sample case studies from our most successful projects-> here.

SCHEDULE AN APPOINTMENT WITH US TO DISCUSS THE LISTINGS AND BUILDING THE LIQUIDITY OF YOUR MARKETS

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FAQ

WHAT IS BITFINEX’S TRADING VOLUME?

According to Coingecko, for the last 30 days (as of September 2022) average daily trading volume on Bitfinex is around $479 million.

IN WHAT COUNTRIES IS BITFINEX AVAILABLE?

The platform can be used by traders from the majority of the world’s countries. However, there are some restrictions. For example, Bitfinex is not available to residents of the US and Canada, as well as North Korea, Iran, Crimea, Cuba, Syria, and self-proclaimed Luhansk and Donetsk People’s Republics.

WHAT IS TOKEN LIQUIDITY?

This term refers to the ease with which tokens can be swapped for other assets (other crypto assets or government-issued fiat currencies).

WHO ARE MARKET MAKERS?

A market maker is a company or individual that regularly buys and sells financial assets at a publicly quoted price to provide liquidity to the financial or digital asset markets. Their role is to satisfy market demand. Market making is also used as a profit generation trading strategy by hedge funds.

WHAT ARE THE BEST EXCHANGES TO BE LISTED ON?

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