Bitfinex doubles server capacity to serve Institutional Investors
Bitfinex has doubled its server capacity at its Zug-based data centre amid increased demand to trade digital assets among hedge funds, institutional investors, and family offices.
The new servers enable firms to deploy a variety of sophisticated strategies, including High-Frequency Trading (HFT) strategies such as statistical arbitrage and volatility arbitrage.
Paolo Ardoino, CTO at Bitfinex, said:
“With today’s increase in server capacity, we’ve beefed up the exchange’s front-end and back-end servers. This doubling of server capacity combined with the improvement to internal networking is likely the biggest upgrade we've had since we moved to our data center. We have an obsessive interest in technical improvement. This is the reason why hedge funds, institutional investors and professional traders are trading with us.”
Bitfinex is providing a variety of proximity hosting services to meet increasing institutional demand. The exchange has collaborated with Market Synergy, a bespoke network solution provider, to offer institutional standard cryptocurrency connectivity, including co-location services.
James Banister, CEO at Market Synerg, said:
“We continue to provide Bitfinex with institutional calibre digital asset connectivity. Bitfinex is a recognised market leader and this significant investment in infrastructure reinforces their commitment to the institutional market. They are ideally placed to maintain their market leading position as institutional demand continues to gather momentum.”
HFT firms are able to obtain secure connectivity via a FIX feed or ISP link to Bitfinex’s digital asset gateway. Bitfinex has about 100 HFT firms active on the platform, which began using co-location services in 2018 when Bitfinex moved its core infrastructure from a cloud provider to a dedicated datacenter.