A major announcement came from Bitfinex, which is one of the leading cryptocurrency exchanges to date: British Pounds (GBP) and Japanese Yen (JPY) will be supported for deposits and withdrawals. This is a well awaited announcement as the biggest problem with cryptocurrency exchanges currently is the lack of variety on FIAT deposit and transfer opportunity, which causes liquidity problems.

This means that the exchange will most probably feature better liquidity for the markets as traders who prefer to trade on Bitfinex can directly deposit their FIAT currencies without going through additional loops. Additionally this might also help altcoins with fiat pairings to potentially decouple from moving together with Bitcoin at all times.

In addition to the new currencies they also announced new FIAT-Crypto pairs:

BTC – BTC/JPY & BTC/GBP

ETH – ETH/EUR, ETH/JPY & ETH/GBP

NEO – NEO/EUR, NEO/JPY & NEO/GBP

EOS – EOS/EUR, EOS/JPY & EOS/GBP

IOTA – IOTA/JPY & IOTA/GBP

Bitfinex had another surprise for its traders: they will enable a 15% fee discount on all GBP, JPY, EUR pairs for 4 weeks.

This is good news for the cryptocurrency community specially after Binance announced that it is moving to Malta and hopefully will also make FIAT transfers available after complying with local regulations.