Post
Topic
Board Exchanges
Re: Bitfinex: Service Changes for U.S. Customers
by
HowlingMad
on 14/08/2017, 15:18:58 UTC
Hello all,
I live in the US, and specifically New York State.  The landscape here is NOT crypto-friendly.  The Wall Street brokers and the bankers are scared as hell over the amount of money that can be made in crypto.  I mentioned to a Vice President of a bank how much money I had made in crypto last several years and he was shocked.  You have to remember that the banks, stock exchanges, and central bank (Federal Reserve Bank) are all private companies.

I could see where the US is a small percentage of Bitfinex.  The majority of their clients are in Asia, specifically Hong Kong, Macau, and Singapore. 


Well I was making a decent amount of USD on funding at Bitfinex.  Poloniex is rediculously low as an annual return, but still better than the banks which return 0.05% for a savings account ( Poloniex ~3% per annum).  Wonder if I can get some Canadian friends to handle this for me.