Bitfinex hires Giles Dixon to obtain regulatory approval and licensing across jurisdictions

Rick Steves

The race for regulatory approval and licensing within the crypto trading industry is on.

Bitfinex has appointed Giles Dixon as Head of Licensing, where he will be in charge of the digital token trading platform’s plans to obtain regulatory approval and licensing across a variety of global jurisdictions.

Giles Dixon has a wealth of experience in the field of regulatory compliance, having previously served as a Senior Manager at Grant Thornton LLP in Toronto.

At Grant Thornton, he led the virtual asset risk advisory practice at the accountancy and advisory firm, where he specialized in areas relating to regulation and risk.

Giles Dixon, Head of Licensing at Bitfinex, commented: “As a leading digital token exchange, Bitfinex faces a changing regulatory environment as jurisdictions across the globe adapt to the evolving digital token economy. I look forward to helping to guide the licensing strategy at Bitfinex in such a dynamic and evolving regulatory landscape.”

Bitfinex gains access to SEPA payments

In April, Bitfinex partnered with fiat on-ramp provider OpenPayd. The partnership enables Single Euro Payments Area (SEPA) payments for euro-denominated deposits and withdrawals. SEPA instant is a more efficient and obviously faster means to transfer Euros, which Bitfinex anticipates will grow their transactional base much faster than the use of SWIFT.

OpenPayd’s BaaS platform includes many features specifically designed for digital asset businesses. Among other things, it allows them to automate the process of receiving fiat deposits and initiating fiat withdrawals from and to their customers via SEPA, SEPA Instant and SWIFT.

Crucially, with Bitfinex having access to the SEPA Instant payment scheme, its customers are now able to top up their fiat wallets in real time. This also provides additional options for Bitfinex customers to deploy euros onto the platform and have the ability to pay-in and pay-out from their accounts near-instantly.

In addition, OpenPayd’s virtual IBANs can be directly embedded into their customer platforms’’ back end, which helps reduce reconciliation errors and significantly speeds up the payment processing time.

Portuguese language on Bitfinex

The crypto trading platform has also recently added a Portuguese version of its educational content to offer the same level of opportunity among Bitfinex clients to better understand digital tokens and blockchain.

The crypto exchange has also launched a Financial Information eXchange (FIX) gateway amid a surge in demand for high-speed connectivity among the exchange’s growing user base.

The message routing service using the FIX protocol will be adopted by the cryptocurrency exchange to enable institutional customers to use their existing FIX infrastructure in order to connect to the Bitfinex platform.

The introduction of FIX will prevent bottlenecks on the platform, particularly during episodes of high levels of volatility, thereby enhancing overall levels of latency and performance on the platform.

Read this next

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

<