Bitfinex aim to give their customers an advantage in crypto trading with its new social platform, Bitfinex Pulse

• Bitfinex has recently announced its own social network which launched this week.
• Customers will be able to get further involved in the world of crypto trading.

The well-known cryptocurrency platform, Bitfinex has recently announced its own social network which launched this week.

Called Bitfinex Pulse, customers will be able to get further involved in the world of crypto trading. They will be able to collaborate on different concepts and other related activities to the market according to a statement from the firm.

The product from the crypto platform aims to give users an advantage to the rest of the crypto trading world as they communicate with their fellow compatriots of the exchange.

The new social network isn’t the first of its kind though. There are many other platforms and crypto-related companies that have opened up their own similar products. One example is eToro, their platform has trader profiles, statistics, copy trading and messages.

In addressing this and other related products, a representative from the exchange said the following:

"Unlike eToro, which from its very inception was a social investing network (aimed at a mainstream retail market), Bitfinex Pulse is tailored specifically to the needs of the exchange's users. The emphasis will be on the niche, high-quality content that this more technically proficient audience requires."

The representative further said that Bitfinex Pulse would not host copy trading as eToro does. The verification process for the social media platform was not clarified by the company other than the standard information released in the public statement as well.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!