biFlyer: Lightning’s SFD Implementation Starts in February

biFlyer: Lightning’s SFD Implementation Starts in February

biFlyer, the Tokyo-based cryptocurrency Exchange operator, announced that it would launch Swap For Difference(SFD) around early this month 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.

The timeline for the SFD implementation was originally scheduled in January, but, would be postponed in the mid-February, as the Exchange would make additional adjustments to ensure a highly-qualified user experience.

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