In the spirit of achieving ultimate security and transparency for users, and minimising every possible attack surface, the ultimate aim of Ethfinex is to be decentralised, settling transactions using blockchain based technology.
Currently a first step towards this is goal is available via the Ethfinex Portal, allowing you to choose to take your security into your own hands, instead of trusting our security systems with your funds.
The Ethfinex Portal allows you to view the Ethfinex order book and trade without needing to first deposit your funds to your Ethfinex account. The portal operates using decentralised exchange protocols, allowing the trades to be completed by smart contracts on the Ethereum blockchain. The current implementation uses only the 0x protocol, but in the future this will be technology agnostic and opened up to allow any other decentralised exchange protocol to connect with Ethfinex.
Because of the cost associated with every order being settled over the Ethereum blockchain this solution initially has a minimum order size of $200 equivalent. This is to prevent the current limited capacity of the blockchain becoming over-saturated with orders. For smaller orders it is still required for now to trust your funds to Ethfinex’s industry-best security practices.