Bitfinex plans to launch cryptocurrency options and the new stablecoin Tether Gold

The Bitfinex cryptocurrency exchange announced the launch of cryptocurrency options in the 1st quarter of 2020. The site also plans to release a new gold-secured stablecoin Tether Gold.

As Paolo Ardoino, Technical Director of the exchange, said in the Scoop podcast, this summer iFinex, the parent company of Bitfinex and Tether, launched cryptocurrency derivatives, so the platform plans to offer its customers options.

Ardoino did not disclose the details of the release of Tether Gold, but said that the options will be based on the stablecoin Tether. This will allow the cryptocurrency to gain more trust and attract new customers. Now Bitfinex is working with various trading platforms in order to ensure the liquidity of the new product.

The exchange’s technical director also noted that in the future the company plans to launch cryptocurrency gift cards with which it will be possible to pay for goods. To this end, Bitfinex will enter into a partnership with a “large and well-known company.”

“It is important that people see the value of cryptocurrencies in everyday life, and not just exchange bitcoins for dollars and back,” Ardoino emphasized.

Recall that at the end of October, the Bitfinex exchange added support for Beg32 SegWit addresses for outputting bitcoins. A little later, the site began to support such addresses for deposits.