Bitfinex uses HSBC for banking services

posted 8 days ago
Leading crypto exchange Bitfinex has reportedly obtained a banking partner in London based HSBC, the $133 billion banking giant which is the world's 7th largest bank. HSBC is the first "proper banking partner" Bitfinex has obtained since Wells Fargo in 2017. If the deal between Bitfinex and HSBC can be sustained throughout the long-term, it is expected to bring a level of stability to the operations of Bitfinex.

Kasper Rasmussen, director of communications at Bitfinex said that the firm cannot comment on the nature of the partnership between the exchange and HSBC. “Bitfinex does not, and has never, commented on actual or potential business relationships and this is not subject to change now” Rasmussen stated.
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