Tether-Backed Bitfinex Exchange Pivots to Serve Europe's Major Banks with Crypto Infrastructure

The cryptocurrency exchange Bitfinex, known for its close ties to the stablecoin issuer Tether (USDT), is strategically shifting its focus away from the retail market. The platform is now positioning itself as a critical infrastructure provider, or "secret plumbing," for some of Europe's largest financial institutions. This move signifies a major step towards institutional adoption of digital assets within the traditional banking sector. By offering secure and compliant crypto services to banks, Bitfinex aims to become a foundational partner in the evolving financial landscape, facilitating the integration of blockchain technology and digital currencies like Bitcoin (BTC) and Ethereum (ETH) into mainstream European finance.