Tether price fluctuations within 24 hours; Prices fluctuate constantly between $ 0.9 and above $ 1
The reason for this is that the price of Tether is determined by the USDT / USD currency pair in various exchanges, including Bitfinx. For example, when traders are willing to pay their notebooks for less than a dollar and get the real dollar faster instead, the price will be a little lower than a dollar. It can be said that the USDT price shows the confidence in this digital currency against the real dollar.
Where does the company come from?
IFINX's statutory income (other than income it can earn from market manipulation) comes from two sources: BitFinx commissions and back-up profits stored in bank accounts.
Bitfinx Exchange acts as a gateway to access new Tether. For other digital currency exchanges that support Tther, this digital currency is an important source of liquidity. With Bitfinx Exchange, you can convert Tetra into cash (real dollars), and Bitfinx can get a fee in several places.
To buy Tether directly from Bitfinx, users must deposit real dollars into the bank accounts of this exchange. Bitfinx, on the other hand, is the main place where users can convert their tetrads into real dollars. A fee of $ 0.1 must be paid to deposit and withdraw real dollars at Bitfinx Exchange. Withdrawal of USDT from Bitfinx also requires payment of a fee. This is the revenue that Ifinx earns through the Bitfinx exchange, not Tether itself. In addition, IFINX earns a lot of bank profits by storing large amounts of dollars in banks.
