We will be deploying a performance update tomorrow, April 11th, sometime between 9:00am and 17:30pm UTC. All traders should expect an interruption of approximately 60 minutes where trading and funding features will be unavailable.
Thank you for your patience and we look forward to presenting you with tomorrow's upgrade.
We are pleased to announce support for a selection of high-quality Ethereum tokens. As of today, Bitfinex will introduce trading for the following tokens:
Deposits & withdrawals have been enabled for all pairs and can be accessed here. Trading is set to commence in two hours at 16:00 UTC, April 7th.
All tokens will be tradable against BTC, ETH and USD. Margin trading and peer-to-peer funding markets will be enabled gradually, as the order books develop sufficient liquidity.
The newly introduced token listings have a combined market capitalisation of $1.1B+ USD and represent a significant addition to Bitfinex, offering our traders greater exposure to a broader range of innovative digital assets. From decentralised exchange protocols and payment solutions to scaling and blockchain 3.0, we are pleased to provide a platform of support and growth for these teams and their respective communities.
Ethfinex is a digital asset exchange linked to Bitfinex and built with the Ethereum community in mind. Ethfinex is designed to facilitate learning, discussion, and analysis of ERC20 tokens whilst offering access to a highly liquid and advanced trading platform. In the long term, Ethfinex’s vision is to transition towards an entirely trustless exchange, decentralizing ownership of the platform to its community of users. At the heart of this transition lies the Nectar token - a mechanism through which users of Ethfinex will gain a stake in the long-term direction and success of the platform.
After months of preparation, we are excited to announce that the Ethfinex Market Maker Program went live today, February 13th, 2018, at 12 PM UTC.
The premise of the Nectar token is simple - the more you trade on Ethfinex via the website or API, the more Nectar you will earn. Through Nectar you get a chance to own a stake in the long-term success and direction of Ethfinex. The ownership of Ethfinex will gradually decentralize as trading volume grows, resulting in a community-centric Ethereum exchange where users benefit from smaller spreads, highly liquid markets and the opportunity to participate in the success of the platform.
You can access Ethfinex using your existing Bitfinex credentials and register for Nectar on www.ethfinex.com/nectar. Please note your account must be verified to register for the Market Maker Program. Users not yet verified will not be credited with Nectar until verification is complete. We are currently implementing a faster verification process and we thank you for your patience whilst we finalize this.
The deployment of Nectar will bring with it the migration of all ERC20 tokens from Bitfinex to Ethfinex, resulting in two separate hubs each focusing on distinct areas of blockchain development and research.
2017 was a spectacular year for Bitfinex. We have seen our most optimistic forecasts exceeded and the new year will continue this trend with the addition of numerous high-quality digital assets, new fiat trading pairs, an even faster trading engine, and the launch of Ethfinex.
However, this extreme growth has not come without challenges. In fact, one month ago we decided to temporarily curtail new account registration in a move designed to preserve the trading, support, and verification experiences of our existing, long-term user base.
Today we are pleased to announce the reopening of Bitfinex to new accounts. However, please take note of the new requirements outlined below.
New Account Requirements
Bitfinex is a global liquidity source with a focus on serving professional traders and regional exchanges. We suggest that traders who are new to cryptocurrency trading try another, more straightforward platform first and return to Bitfinex later.
To that end, and to allow us to maintain focus on our core customer base, all accounts created after January 1st, 2018, will have a new activation equity requirement. New accounts will need to deposit fiat or crypto to achieve minimum account equity of 10,000 USD equivalent before they can trade or offer funding. After reaching this minimum, an account becomes fully activated (Note that after this initial activation, account equity is allowed to drop below this activation threshold without consequence).
Existing accounts will not be affected by these changes. This change only affects new accounts.
First announced on August 7, 2017, OmiseGO decided to execute an “airdrop” token distribution of 5% of the outstanding OMG token to ETH holders. OmiseGo later announced on August 23 that the airdrop would be based on user balances at Ethereum block height 3988888, which was mined on July 7, 2017, at 16:36:56 UTC.
Because this airdrop was announced retroactively, we have decided to use the same methodology employed in the BCH distribution in order to avoid retroactively forcing negative OMG balances on users for ETH/XXX shorts and XXX/ETH longs. In fact, this will continue to be our distribution policy for any “retroactive airdrop” or any situation where we do not immediately support a fork, but decide to credit users sometime in the future.
OmiseGO (OMG) tokens will be distributed based on July 7, 2017, 16:36:56 UTC settled ether (ETH) wallet balances. The methodology for determining a “settled” balance includes:
Due to the large positive net amount of ETH committed in margin positions at the time of the airdrop, the above methodology results in Bitfinex seeing a large surplus or OMG. As such, we will be resolving this discrepancy in the form of a socialized distribution coefficient. In this particular case, the distribution coefficient is computed to be 1.372. Since the OMG airdrop in July was 0.075 OMG for each ETH, the resulting calculation yields 0.1029 OMG per ETH for qualifying balances. Note that if there were more shorts than longs at the moment of the airdrop event in July, the distribution coefficient would have been less than one.
We are pleased that Golem (GNT) trading pairs are now live on GNT/USD, GNT/BTC, and GNT/ETH.
Golem aims the build the first truly decentralized supercomputer. By connecting computers to a P2P network, where both application owners and individual users can rent resources of other users’ machines, Golem creates a global market for computing power. Core to Golem’s feature set is an Ethereum-based transaction system, enabling direct payments between requestors, providers, and software developers.
As a globally accessible & distributed supercomputer, Golem aims to reduce costs of scientific research, big data analysis, graphics rendering, machine learning, AI (and more) by as much as 10x.
We are excited to announce that Status (SNT) is available for trading on Bitfinex against pairs SNT/USD, SNT/BTC, and SNT/ETH.
Status is an open-source messaging platform and mobile interface designed to facilitate interaction with decentralized applications that run on the Ethereum Network. Status operates with the objective of making Ethereum feel as familiar as possible to smartphone users whilst providing a flexible platform for DApp developers to create and innovate. With the vision of maximising the daily use of Ethereum’s public blockchain, Status is making vital contributions towards driving mass adoption of Ethereum.
Margin trading for these pairs will be enabled when their order books develop sufficient liquidity. All SNT trading pairs will eventually be migrated to trade only on Ethfinex once it is fully established.
Since the introduction of Chain Split Tokens, there have been unanticipated developments that require amendments to the CSTs Terms & Conditions. In particular, these changes concern forks occurring that generate additional assets for BTC already ‘locked up’ in CSTs.
For existing CSTs, if a fork that is unrelated to the CST in question occurs, then assets created by virtue of the fork will accrue to CST holders associated with the Incumbent Blockchain, i.e., to BCC, BT1, and BG1, respectively. It is anticipated that this results in the following outcomes:
The credits have been applied; we apologize for any inconvenience the delay may have caused.
We have recently been made aware of a fake Bitfinex tech support phone number circulating on the Internet.
The individuals behind this number claim an association with Bitfinex. They are committing fraud, and there is no such association with us. They will try to obtain information from you about your account, either by having you disclose your password directly on the phone or by asking you to install software on your computer that will be used to gain remote access to your computer. Once they have enough information to access your Bitfinex account, they will withdraw the funds from your wallets. This has, unfortunately, happened to a number of our customers. We are coordinating with law enforcement.
We do not have a phone number for support at this time. Bitfinex will never ask for your password or ask you to install any software on your computer to provide support.
It is vital that you do the utmost to maintain the security of your Bitfinex account. Be skeptical of any information you are provided and exercise caution when dealing with anyone, even if they claim to work for Bitfinex.
Separate from the above recommendations, we advise that you enable the recommended security features on your Bitfinex account. These features are especially relevant in these times and can be learned about in greater detail below:
The Bitfinex Team
[Update: Infrastructure maintenance complete. All systems back to normal operations.]
We will be undertaking infrastructure maintenance on November 9, 2017, sometime between 10:00 AM UTC and 4:30 PM UTC. These updates are critical for the platform and must be performed. Unfortunately, we cannot give an exact time for the maintenance other than those broad parameters.
Customers should expect a service interruption of approximately 10 minutes while this maintenance is being performed. During that period, the trading might be unavailable.
Thank you, The Bitfinex Team