Bitfinex’s New App Brings Lightning Network To Mobile Phones & Add Support for Tether Gold

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  • Bitfinex’s 3.27.0 version now allows Lightning Network deposits
  • Tether Gold (XAU₮) icon also added after Bitfinex announced support for three margin trading pairs against Tether Gold

Bitfinex has launched the latest version 3.27.0 of its mobile app for both iOS and Android devices.

This new version of the Bitfinex mobile app now comes with Lightning Network deposits. This second layer on the Bitcoin network allows for cheaper and instant transactions that are otherwise not possible with the network. This feature is added as an option in the cryptocurrency dropdown menu of the app’s deposit panel.

Adding Support for Tether Gold (XAU₮)

Hong Kong-based exchange added a dedicated Tether (USDT) deposits page in this new version. Along with USDT, the exchange added the icon of Tether Gold (XAU₮) — a digital asset backed by physical gold which was introduced by Bitfinex’s sister firm Tether a few weeks back.

Bitfinex also announced support for three margin trading pairs against Tether Gold including Bitcoin (BTC), US Dollar (USD), and dollar-pegged stablecoin Tether (USDT) with a leverage of up to 5x.

Last year, Tether was accused of not being backed completely by US dollars. Tether Gold on the other hand, claims to be the “best way to hold gold” purportedly has its gold storage backing held in a Swiss vault.

Tether, a controversial stablecoin in the crypto market along with its affiliate company Bitfinex are currently facing a lawsuit that accuses it of manipulating the crypto market and causing the Bitcoin bull run of 2017 that saw the world’s leading cryptocurrency surging to its all-time high of $20,000.

Improvements and Bug Fixes

Other features in this new app included a redesigned deposit panel in the Wallets tab. Bitfinex did a few improvements as well that involved the addition of a search bar along with with the price alert numbers in the Price Alerts picker within the Accounts tab.

Furthermore, whenever the user will 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.

Bitfinex also has several fixed bugs including landscape height adjustment after rotation in Android and calendar-related issues in the date range picker of the Reports panel.

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