Market Commentary On Cryptocurrencies By Paolo Ardoino, CTO, Bitfinex

“As crypto markets seem to continue a bull run, liquidity is migrating to the venues best equipped to handle the sort of trading volumes that were unthinkable just a few years ago,” said Paolo Ardoino, CTO at Bitfinex. “In volatile periods, traders gravitate to platforms offering the sort of robust architecture that can always be relied upon. Today's spike in the price of ETH to near US$600 underlines an epic year where we’ve seen an explosion of interest in DeFi.”