rhino.fi (previously known as DeversiFi crypto exchange) is a decentralized exchange (DEX) that supports swapping, sending, and investing in cryptocurrency. The platform started operating in 2019 after 2 years of incubation by Bitfinex. rhino.fi crypto exchange is headquartered in the British Virgin Islands.
Overall, the rhino.fi crypto exchange is a high-speed platform that supports easy execution of orders of any size from secure private wallets. The platform uses the 0x protocol to enable the peer-to-peer exchange of assets. 0x powers the matching engine of the exchange to deliver unparalleled security when matching rhino.fi orders with the orders of centralized high liquidity exchange.
However, after the DeversiFi rebrand that took place in July 2022, the platform became so much more than a simple DEX. It became a multi-chain platform that provides users with various DeFi tools in one place. Thus, it seeks to act as a gateway to DeFi that incorporates everything in one place.
rhino.fi is a DEX, hence, it does not require users to comply with AML and KYC requirements. Anyone can use the platform from any country.
rhino.fi cryptocurrency exchange is available on the web and can be accessed through any device.
Markets
rhino.fi offers spot, derivative, and margin trading opportunities. rhino.fi spot trading allows users to trade cryptocurrency immediately without any leverage. This trading method is simple and instant. rhino.fi crypto exchange also supports derivative trading. With this trading, users can speculate on the future price of an asset by buying or selling derivative contracts. Talking about margin trading, it allows users to trade utilizing borrowed funds.
rhino.fi cryptocurrency exchange supports multiple cryptocurrency assets. rhino.fi trading pairs include crypto-crypto and fiat-crypto markets. The platform supports five fiat currencies including USD, EUR, GBP, JPY, and TRY. It also supports several digital currencies including popular assets such as BTC, USDT, and ETH. rhino.fi crypto exchange has more than 450 active markets.
The native token of the exchange is DVF. The asset is a governance token for the project’s ecosystem. DVF is a deflationary token designed with a maximum supply of 100,000,000 DVF coins. You can check the live rhino.fi crypto price right here.
It's worth noting that the exchange offers two main trading interfaces: Swap and Trade interfaces. A simple swap interface enables users to quickly exchange an asset for another. The advanced trading interface offers a comprehensive Trading View that supports spot and margin trading. The platform’s decentralized exchange has high liquidity, with access to over 30 markets. Besides that, it also offers Over-the-counter (OTC) trading that enables users to perform large trade volumes.
rhino.fi exchange fees follow a dynamic fee scheme that depends on a 30-day rhino.fi trade volume. For example, up to $150,000 trading volume attracts a 0.14% Maker fee and a 0.19% Taker fee. On the other hand, $30 million and above trading volume attracts zero Maker fee and 0.14% Taker Fee.
Additionally, rhino.fi does not charge any transfer or withdrawal fees apart from the network fee. The network fee varies based on the network traffic.
Other Services
rhino.fi offers other earning opportunities other than crypto trading. Users can deposit their assets in the platform’s liquidity pools to provide liquidity to earn rewards. The liquidity pools are run by the AMM program. Users earn a share of the rhino.fi crypto fee and DVF rewards. The platform also offers yield farms that enable users to invest yield-bearing tokens and earn a decent interest, gas free.
Moreover, rhino.fi cryptocurrency exchange offers API trading that allows developers to add rhino.fi protocol into Ethereum-based wallets. Users can also bridge funds cross-chain using the platform’s bridge service.
Talking about cross-chain services, together with the rhino.fi rebrand, the platform launched a cross-chain swap feature in collaboration with Polygon. As time goes by, this feature will be launched on other chains too.
About the Company
rhino.fi was founded by Will Harborne, Daniel Yanev, and Ross Middleton. It was launched in 2019 as a Bitfinex spinoff that initially was called Ethfinex. Then, in August 2019, it rebranded to DeversiFi. However, then again, in 2022, it rebranded to rhino.fi which is the current name used by the platform. Its headquarters are set in the British Virgin Islands.
rhino.fi was launched with a concept of a community-driven exchange. The platform has never experienced any challenges with deposit or withdrawal delays. It has always had high liquidity at the disposal of the users.
The platform employs the 0x protocol, an open protocol that enables the P2P exchange of assets on the Ethereum network. In 2020, the exchange migrated to version 2 which delivers better security and faster performance. Migrating to an advanced back-end codebase increased the performance of the platform tenfold. The improvements on the platform lead to more users joining the project. rhino.fi trade volume also increased and crossed the $213 billion mark in 2022.
Also, as mentioned before, in July 2022, the platform underwent a huge rebrand that resulted in the creation of rhino.fi. This rebrand introduced new features, goals, and a completely new design.
rhino.fi co-founder Will Harborne first outlined the project in 2017. He has expertise in the tech field. Will Harborne worked at Cambridge Consultants before moving to IBM. He then joined Bitfinex to work on blockchain tech, which resulted in the inception of the rhino.fi cryptocurrency exchange.
Another co-founder, Ross Middleton, previously worked at Bitfinex. He also worked outside the blockchain space – at Centrica, Russian Gazprom, and RWE on global energy desks.
The third co-founder, Daniel Yanev, holds a Master's degree in Engineering from the University of Cambridge.
