Most had expected the token BFX on Bitfinex will be a marketable asset. This seems rather strange, because each coin represents a promissory note between the company and the user. Resuming trade, Bitfinex will be able to recoup significant losses due to additional commissions. In addition, when the value of the coin goes up, it shows the attractiveness of the exchange in General.
The initial value of the token was$ 1 but have since dropped to $0,31. A similar trend is observed in the bitcoin market, where the value of the token BFX decreased from 0.00053 to 0,002 BTC BTC.
Tokens BFX can be sold
It should be remembered that, while these tokens have their own value, they represent an overdue debt. Some traders purchased these coins to obtain a share in the company. If it's a good business decision remains to be seen. In the end, if Bitfinex was hacked and lost $65 million once, it can happen again.
The fall in the value of the token BFX is not unexpected. Many users were dissatisfied by this turn of events and incurred losses.
The most important functions of the exchange is not yet available. Not yet had the opportunity either to invest or to withdraw funds. But trade gradually resumed. There is still a long way to restore the reputation of this exchange. Why trade the BFX at the moment is a risky strategy.
Perfectly!