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An interesting development then followed, as a secondary market for these tokens emerged. Applying a strategy, used by the aptly named “Vulture hedge funds”, the initial bidders were offering 2 cents on the dollar. Obviously the uncertainty regarding the payments was very high, as people were speculating this was the end of Bitfinex. Prices started increasing, with new developments in the story. Eventually the firm paid back the entire debt, at the full promised value (and withdrew all the tokens in the process).
 

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That being said, whenever a new coin is added, Binance holds some kind of promotional distribution to existing clients. Usually it involves tracking the biggest holders of the new asset and rewarding them with extra coins. While these can not be taken as a guaranteed means of attaining more altcoins, they do raise attention towards the new tradign product.

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Bitfinex is a cryptocurrency exchange, which also provides margin trading. The leverage ratio may seem low to experienced forex traders, but this is due to ...