Crypto exchange Bitfinex has today announced a market-debut service to bridge its centralized platform with the layer-2 decentralized trading platform DeversiFi.

The bridge will provide users access to the permissionless and privacy-centric experiences of decentralized finance (DeFi) systems, in combination with the highly liquid, accessible features of centralized finance (CeFi) institutions. A release from the company noted that transactions will exist initially exclusive to Tether (USDT) — a stablecoin affiliated with the exchange — but may eventually open up to diverse ERC-20 tokens in the futurity.

Ethereum-based DeversiFi is a trading platform built upon StarkWare'south scalable technology. Ii months ago, they launched the starting time layer-2 bridge between Ethereum and Polygon Network designed to deviate from the pricey gas fees commonly experienced on-chain.

Layer-ii platforms such every bit Arbitrum and Optimism have witnessed a substantial rise throughout 2022, contributing to the further adoption of decentralized finance protocols.

Related: Ethereum-based DeFi platform DeversiFi raises $5M in strategic investments

Volition Harborne, CEO and Co-Founder of DeversiFi, said:

"Layer-2 is the future of blockchain. Whether it's the Lightning Network for Bitcoin or roll-ups such every bit DeversiFi for Ethereum, cryptocurrencies and DeFi are finally on the verge of becoming attainable to everyone.

CTO of Bitfinex, Paolo Ardoino also shared his expectations on potential adoption post-obit the launch:

"I experience confident that in that location will exist a set up uptake of this low-cost transfer machinery amongst our client base as interest in DeFi continues to grow."