biFlyer: Lightning’s SFD Implementation Starts on 8th February (UPDATE)

biFlyer: Lightning’s SFD Implementation Starts on 8th February (UPDATE)

biFlyer, the Tokyo-based cryptocurrency Exchange operator, announced that it has started Swap For Difference(SFD) on 8th February(JST 4am) to reduce the price disparity between Lightning spot (BTC/JPY) and Lightning FX.

If the disparity is over 10%, SFD between Lightning Spot/FX users would take effect. SFD occurs at every execution and is applied when the position is settled.

 

Source: https://bitflyer.com