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Bitfinex VS Codono

Compare Bitfinex VS Codono and see what are their differences

VaultNow
All-in-one crypto finance platform for companies that run on stablecoins. Invoicing, payouts, treasury, budgets and AML — the whole money path in one non-custodial system. No banking friction, no spreadsheet reconciliation. sponsored
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Bitfinex logo Bitfinex

Bitfinex is the largest and most advanced crypto-currencies trading platform.

Codono logo Codono

Launch your own crypto exchange with full source-code access. Spot, futures, margin, P2P across 50+ blockchains. Self-hosted, one-time payment, deploy in 14 days.
  • Bitfinex Landing page
    Landing page //
    2023-07-26
  • Codono
    Image date //
    2026-07-26
  • Codono Crypto Exchange Software
    Crypto Exchange Software //
    2026-07-26

Codono is production-ready, self-hosted cryptocurrency exchange software delivered with full, unencrypted source code under a one-time perpetual license. Operators launch their own branded digital-asset exchange without vendor lock-in, monthly SaaS fees, or revenue sharing.

Trading modules - Spot trading with a sub-5 millisecond matching engine and price-time priority - Futures trading with leverage and an insurance fund mechanism - Margin trading with cross and isolated modes - P2P marketplace for fiat-to-crypto transactions with escrow protection

Wallet and chains A built-in multi-chain wallet supports 50+ blockchains, including Bitcoin, Ethereum and all EVM networks (ERC20/BEP20), TRON (TRC10/TRC20), Litecoin, Dogecoin, Dash, XRP, Waves, and custom tokens, with hot and cold storage management.

Apps and admin Native iOS and Android apps ship with biometric authentication, advanced charting, and portfolio tracking. The web platform includes a full admin dashboard for user management, KYC/AML review, trading pair configuration, fee schedules, and liquidity tools, plus REST and WebSocket APIs for integrations and market-making.

Ownership model One-time license per production domain. Self-hosted on your own infrastructure, with complete freedom to audit, modify, and extend the code. Trusted by entrepreneurs, brokers, fintech startups, and financial institutions launching crypto exchanges worldwide.

Bitfinex

Website
bitfinex.com
Pricing URL
-
$ Details
Platforms
-
Release Date
2012 January
Startup details
Country
Taiwan
State
T'ai-pei
City
Taipei
Founder(s)
Giancarlo Devasini
Employees
50 - 99
Edit details

Codono

Website
codono.com
Pricing URL
Official Codono Pricing
$ Details
paid $1,500 / One-off
Platforms
Web Android Ubuntu iOS Crypto iPhone iPad
Release Date
2017 May
Startup details
Country
Hongkong
State
Kowloon
City
Hong Kong
Founder(s)
Anish Kumar
Employees
10 - 19
Edit details

Bitfinex features and specs

  • High Liquidity
    Bitfinex offers high liquidity, which makes it easier for users to enter and exit trades without experiencing significant price slippage.
  • Advanced Trading Features
    The platform provides a wide array of advanced trading tools and features, including margin trading, derivatives, and various order types to enhance trading strategies.
  • Robust Security Measures
    Bitfinex employs strong security protocols, such as two-factor authentication (2FA), cold storage for the majority of funds, and advanced encryption techniques, to protect user assets.
  • Wide Range of Supported Cryptocurrencies
    Bitfinex supports a diverse array of cryptocurrencies, offering traders numerous options for diversification and investment.
  • Competitive Trading Fees
    The platform has a tiered fee structure that gets more competitive based on trading volume, making it attractive for high-volume traders.
  • API Access
    Bitfinex offers robust API access, enabling algorithmic traders and developers to integrate with the platform for advanced trading strategies.

Possible disadvantages of Bitfinex

  • Past Security Breaches
    The platform has experienced security breaches in the past, most notably in 2016, which may cause concerns for some users despite improved security measures.
  • Complex Interface
    The advanced trading tools and features can make the interface overwhelming and complex for beginners, who might find it challenging to navigate.
  • Regulatory Uncertainty
    Bitfinex has faced legal and regulatory scrutiny in various jurisdictions, leading to some concern over potential legal complications.
  • High Minimum Deposit
    The platform has relatively high minimum deposit requirements, which may not be suitable for small or casual investors.
  • Customer Support
    Some users have reported slow customer support response times, which can be frustrating when prompt assistance is needed.
  • Limited Fiat Support
    Bitfinex supports a limited number of fiat currencies compared to some competitors, which might be a drawback for users looking to trade with their local currency.

Codono features and specs

  • Full Source Code
    Unencrypted, auditable source code with a one-time perpetual license
  • Spot & Futures Trading
    Sub-5ms matching engine with price-time priority; leverage and insurance fund
  • Multi-Chain Wallet
    50+ blockchains supported with hot and cold storage management
  • P2P Marketplace
    Fiat-to-crypto trading with built-in escrow protection
  • Margin Trading
    Cross and isolated margin modes
  • Native Mobile Apps
    iOS and Android apps with biometric login, charting, and portfolio tracking
  • Admin Dashboard
    User management, KYC review, and trading pair configuration
  • Liquidity Integration
    External liquidity and market-making options
  • Self-Hosted Deployment
    Run on your own infrastructure with no vendor lock-in

Analysis of Bitfinex

Overall verdict

  • Bitfinex is generally viewed as a reliable platform for experienced cryptocurrency traders seeking advanced features and tools. However, it may not be the best choice for beginners or small-scale traders due to its complex interface and history of security incidents.

Why this product is good

  • Bitfinex is considered one of the leading cryptocurrency exchanges due to its advanced trading features, high liquidity, and wide range of supported cryptocurrencies. It offers margin trading, lending, and advanced charting tools, which are attractive to experienced traders. Additionally, Bitfinex has made strides in enhancing its security measures following past breaches.

Recommended for

    Experienced traders who are looking for a platform with advanced trading options, high liquidity, and a wide range of supported cryptocurrencies.

Bitfinex videos

+ Add

BitFinex Exchange Review by FXEmpire

More videos:

  • Review - Tether-Bitfinex Investigation The Entire Truth Exposed! You Won't Believe Who's Involved!!
  • Review - IS BITFINEX A SCAM OR SAFE? - This Is My Answer!

Codono videos

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Category Popularity

0-100% (relative to Bitfinex and Codono)

Bitfinex

Codono

Cryptocurrencies
100 100%
Cryptocurrencies
0% 0
Cryptocurrency Exchange
96 96%
Cryptocurrency Exchange
4% 4
Cryptocurrency Wallets
0 0%
Cryptocurrency Wallets
100% 100
Crypto
100 100%
Crypto
0% 0

Questions & Answers

As answered by people managing Bitfinex and Codono.

What makes your product unique?

Codono's answer:

Codono is one of the few exchange platforms delivered with full, unencrypted source code under a one-time perpetual license. Operators self-host the entire stack: spot, futures, margin and P2P trading, a multi-chain wallet supporting 50+ blockchains, native iOS and Android apps, and a complete admin dashboard. No vendor lock-in, no revenue share.

Why should a person choose your product over its competitors?

Codono's answer:

Most white-label exchange providers charge recurring SaaS fees and keep their code closed. Codono gives operators full ownership: unencrypted source code they can audit and modify, a sub-5 millisecond matching engine with price-time priority, and a one-time license instead of monthly fees or volume-based revenue sharing.

How would you describe the primary audience of your product?

Codono's answer:

Entrepreneurs, brokers, fintech startups, and financial institutions launching their own branded cryptocurrency exchange. Codono serves both first-time founders who need a turnkey platform and established trading firms that require source-code access for compliance, audits, and deep customization.

What's the story behind your product?

Codono's answer:

Codono was founded in 2017 by engineers who had built and operated cryptocurrency exchanges firsthand. They kept watching founders overpay for closed, rigid white-label platforms with no code access, so they packaged a production-grade exchange stack into a self-hosted product with full source code, the solution they had wanted themselves.

Which are the primary technologies used for building your product?

Codono's answer:

Codono is built around a high-performance matching engine with price-time priority and sub-5ms latency, a multi-chain wallet infrastructure supporting 50+ blockchains including Bitcoin, Ethereum and EVM chains, TRON, XRP, and Waves, native iOS and Android apps with biometric authentication, and a web trading and admin platform with REST and WebSocket APIs.

Who are some of the biggest customers of your product?

Codono's answer:

Top Brokers, Crypto Exchange operators from Various part of Global

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Bitfinex and Codono

Bitfinex Reviews

5 Top Cryptocurrency Exchange APIs for Developers
Quick Overview: Bitfinex API boasts a feature-rich platform with support for spot and derivatives trading, margin trading, and lending. It provides WebSocket and RESTful endpoints, supplemented by real-time market data and advanced order types. Despite past security breaches, Bitfinex remains a prominent player in the cryptocurrency landscape, serving as a reliable platform...
Source: bitcoinist.com
BEST 25 Coinbase Alternatives (2021 Update)
Bitfinex is a trading platform that enables you to easily exchange EOS, Ethereum, Litecoin, and more. It enables you to access peer to peer funding market. This website offers advanced chart tools to visualize your order with ease.
Source: www.guru99.com
20 BEST Bitcoin Wallets | Top Crypto Wallets in 2021
Bitfinex is a trading platform that enables you to easily exchange EOS, Ethereum, Litecoin, and more. It enables you to access peer to peer funding market. This website offers advanced chart tools to visualize your order with ease.
Source: www.guru99.com

Codono Reviews

We have no reviews of Codono yet.
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What are some alternatives?

When comparing Bitfinex and Codono, you can also consider the following products

Coinbase - Bitcoin, safe and easy.

HollaEx - Start your own Crypto Exchange with ease through HollaEx!

Binance - Cryptocurrencies exchange platform

AlphaPoint - Over 100 clients choose AlphaPoint blockchain technology to manage Security Token Offerings and run Digital Asset and Cryptocurrency Exchanges.

Poloniex - US-based cryptocurrency exchange with maximum security

Bisq - Bisq is an open-source desktop application that allows you to buy and sell bitcoins in exchange for national currencies, or alternative cryptocurrencies.

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