Ethfinex Hybrid Exchange announced a restart under a new name and with a revised management structure. In particular, the platform will no longer use the operational resources of the Bitfinex exchange.

Ethfinex evolves to DeversiFi bringing high-liquidity, speed and security to decentralized trading.

Learn more: https://t.co/ARWEI4ReAg

– Ethfinex (@ethfinex) August 13, 2019

So, an updated exchange called DeversiFi intends to significantly expand its customer base due to low fees and regulated products.

DeversiFi will also feature margin trading and lending. At the same time, the team announced a change in the commission system, which should "provide DeversiFi a competitive advantage over existing exchanges."

We add that after the transition to the DAO management model, the exchange will work exclusively with the new necDAO token.

DeversiFi will leave Etfhinex revenue, but will change its place of registration to the Virgin Islands. In the future, the company intends to obtain the approval of European regulators.

It is worth noting that Paolo Ardoino, technical director of the Bitfinex and Etfhinex exchange, will be invited to DeversiFi as a consultant, but will not take part in everyday activities.

Recall that in June it became known that Ethfinex plans to shift operational control functions to a decentralized autonomous organization (DAO).

Subscribe to BlockchainJournal news on Telegram: BlockchainJournal Feed – the entire news feed, BlockchainJournal – the most important news and polls.