Bitfinex
Market Data Current As Of: September 12, 2026
Related Competitor Intelligence
Compare market positioning with top industry peers
Explore Bitfinex
Core profile pages, annual revenue records, and related research hubs for this company.
Bitfinex
Compare market positioning with top industry peers
Explore Bitfinex
Core profile pages, annual revenue records, and related research hubs for this company.
Founders
· Founded 2012 · Road Town, Tortola, British Virgin Islands
In late 2012, Raphael Nicolle, a French IT developer fascinated by Bitcoin's decentralized ethos, began writing code for a peer-to-peer margin lending platform that would allow Bitcoin holders to earn interest by lending funds to leveraged traders. Nicolle launched Bitfinex as a rudimentary web wrapper around the open-source Bitcoinica platform. In early 2013, Giancarlo Devasini—a former plastic surgeon from Milan, Italy, who had left medicine in the 1990s to build a multi-hundred-million-dollar computer hardware distribution empire across Europe—recognized the monumental transformative potential of Bitcoin. Devasini partnered with Nicolle, invested capital, and brought in veteran Dutch financial executive Jan Ludovicus (JL) van der Velde as Chief Executive Officer. Devasini completely re-architected Bitfinex: hiring world-class distributed systems engineers, establishing institutional banking relationships, and writing a proprietary matching engine capable of executing complex algorithmic trade orders. In 2014, Devasini and his team co-founded Tether (originally Realcoin), inventing the modern fiat-backed stablecoin (USDT) to solve the chronic challenge of moving dollars between global exchanges. Together, Bitfinex and Tether engineered the primary liquidity arteries of the entire cryptocurrency ecosystem.
Bitfinex was founded in 2012 by Raphael Nicolle, Giancarlo Devasini in Road Town, Tortola, British Virgin Islands.
The founders established Bitfinex with the objective of solving core inefficiencies in Cryptocurrency Exchange, Digital Asset Derivatives, Peer-to-Peer Margin Funding, Blockchain Infrastructure & Web3, laying the foundation for its current global scale.
Even as Bitfinex scales to $850M, the organization maintains the founders' commitment to innovation and customer-centric execution.