Bitfinex’s New Mobile App Brings Lightning Network Deposits to you Phones

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Hong Kong-based Bitfinex has launched the version 3.27.0 of its mobile app, announced the cryptocurrency exchange on Monday.

Available for both iOS and Android devices, this new version includes the addition of Lightning Network deposits. The second layer on the Bitcoin network that allows for instant and cheaper transactions has been added as an option in the cryptocurrency dropdown menu of the deposit panel.

Other features included a redesigned deposit panel in the Wallets tab.

Adding Support for Tether Gold (XAU₮)

Bitfinex also added a dedicated Tether (USDT) deposits page along with Tether Gold (XAU₮) icon while fixing its display within the Funding tab.

Just a few days back, Bitfinex rolled out support for three margin trading pairs against Tether Gold, a digital asset backed by physical gold introduced by Bitfinex’s affiliate firm Tether in late January, this year.

The exchange now allows traders to trade Tether Gold against Bitcoin, US Dollar, and dollar pegged stablecoin Tether (USDT) with a leverage of up to 5x.

While last year Tether was accused of not backing its stablecoin with enough dollars, Tether Gold which claims to be the “best way to hold gold” has its gold storage backing held in a Swiss vault.

Controversial Tether along with its sister company Bitfinex are also facing a lawsuit for manipulating the crypto market causing the 2017 Bitcoin bull run that saw the flagship cryptocurrency surging to its all-time high of $20,000.

Improvements and Bug Fixes

Other improvements include the addition of a search bar and price alert numbers in the Price Alerts picker with the Account tab. Also whenever you tap on a row in the Funding or Order Book panel, the corresponding amount and price will be automatically filled in the Order of Funding Form.

They also fixed bugs related to Android’s landscape height adjustment after rotation and calendar-related issues in the date range picker of the Reports panel, among others.

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