Open Crypto Trading for the People with Color Blindness
in Publications
At the dawn of a new decade, we can reflect on the many commemorative achievements that have taken place over the past ten years.
From synthetic DNA to the advent of cryptocurrencies, we have seen innovations in science and technology that have the potential not only to solve some of the world’s biggest problems but also to open a new world full of opportunities. Unfortunately, these new opportunities may not be accessible to everyone.
For the 300 million people in the world with color vision loss (CVD), more commonly known as color blindness, the challenges posed by this condition have become more onerous as the community globally become increasingly reliant on colors for communication.
The challenge of trading crypto for the people with color blindness
In crypto trading, red and green are the two most popular colors on a trading screen. The former is used to represent the ‘sell’ option, while the latter represents the ‘buy’ option. These colors are also used to provide a user with visualizations, such as charting a crypto asset’s performance or graphically illustrating a portfolio.
Ironically, the most common form of color blindness is the two colors most commonly seen on a trade screen, red and green.
Crypto traders who suffer from this type of color blindness may find it difficult to differentiate between the selling and buying options, which can lead to costly errors in trading.
Furthermore, in crypto trading, where time accuracy is paramount, taking longer to choose between the buy and sell buttons – even if only for a few minutes – is undoubtedly a major disadvantage.
This can have a negative effect on a trader’s self-confidence, which in the long run can affect their performance.
Color-friendly crypto trading platform
Bitfinex believes that everyone deserves an equal opportunity to benefit from the many opportunities offered by cryptocurrencies.
We firmly believe that crypto can break boundaries as an investment class that is accessible to all.
With this in mind, we have developed a new theme to help traders suffering from color blindness. The new accessible theme will replace the color red with yellow and the color green with blue. This way, traders will be able to easily differentiate the elements on our trading platform.
By making our platform more accessible, we are taking another step forward towards mass adoption.
Bitfinex is the first large crypto exchange to offer this feature, again earning us the title of innovator.
We believe it will give traders the best trading experience on Bitfinex.