Bitfinex revamps Paper Trading platform with 18 spot and 16 perpetual crypto pairs
The paper trading platform provides a simulated environment that replicates the Bitfinex live environment, mirroring the order book and leverage levels available in the real Bitfinex marketplace.
Bitfinex has announced the launch of a revamped paper trading platform, with 18 spot and 16 perpetual trading pairs, including BTC, ETH, SOL, and MATIC.
Integrated natively into the Bitfinex trading platform and open to anyone with a Bitfinex account, the Bitfinex Paper Trading platform is designed for both sophisticated as well as new traders:
- For sophisticated traders: Paper Trading offers the opportunity to craft and backtest trading strategies, to see how they perform in a real-world environment;
- For new traders: it provides the chance to try out trading for the very first time, securely and risk-free.
Trade real-time and experience real market conditions without putting any capital at risk
Paolo Ardoino, CTO at Bitfinex, said: “The revamped paper trading platform serves the very many different types of traders we have on Bitfinex. From the newer trader and smaller investor to larger professional traders and institutions, the platform provides the opportunity to trade real-time and experience real market conditions without putting any capital at risk. It is also another example of how we are implementing our vision of delivering financial freedom and democratizing access to finance and technology for the benefit of the wider community.”
The paper trading platform provides a simulated environment that replicates the Bitfinex live environment, mirroring the order book and leverage levels available in the real Bitfinex marketplace.
The crypto exchange believes its paper trading platform is particularly attractive to customers who want to test strategies for the two largest crypto pairs, BTC and ETH, because Bitfinex is one of the deepest providers of liquidity for those instruments.
Paper trading with Bitfinex includes access to sophisticated algorithmic trading tools and historical data. The suite of Bitfinex products includes the recently introduced Spread Ladder and also Bitfinex Pulse, a social network, where traders can exchange ideas and discuss trading strategies.
