Announcements

Additional Product (Bitcoin Dominance), Updated Product Descriptions for Derivatives Platform May 06, 2020

We're pleased to announce the following updates to the Derivatives Product Description.

The Product Description now includes the BTCDOMF0:USTF0 (Bitcoin Dominance) product. The Bitcoin Dominance product tracks the change in price of BTC relative to a basket of seven Digital Tokens (ETH, EOS, LTC, XRP, BCH, XTZ and XLM).

The above summary description is for convenience purposes only. The Bitcoin Dominance product is more particularly described in the updated Derivative Product Descriptions here. If there are any differences between the description above and the Derivative Product Description, the Derivative Product Description will govern. Please read it carefully to ensure you understand the products available on the derivatives platform.

*The derivatives platform is provided by iFinex Financial Technologies Limited. References to Bitfinex Derivatives in this post are references to iFinex Financial Technologies Limited.

Bitfinex Delists NIO, DAD and SEN April 29, 2020

In line with our commitment to delivering the best trading experience, we are delisting Autonio (NIO), Edge (DAD) and Sentient Coin (SEN). This decision has been made as a result of our continued monitoring of all listed projects and review of their listing qualifications.

Withdrawals for NIO, DAD and SEN will remain open until 13/05/20 at 9:00 AM UTC, while trading and deposits for these tokens will cease by 30/04/20 at 9:00 AM UTC.

We invite our users to withdraw NIO, DAD and/or SEN tokens as soon as possible.

Bitfinex Pulse Lets Users Connect on Elite Social Network for Traders April 27, 2020

In response to customer demand, we're excited to announce the launch of Bitfinex Pulse, a social networking platform enabling our customers to connect with each other and get a trading edge.

The launch of Bitfinex Pulse provides our growing customer base with a specialist crypto content distribution platform for traders. The platform will serve as an intuitive and fun way for our users to interact and share crypto news and views on market trends and developments.

Bitfinex Pulse will enable a verified Bitfinex customer to share his or her thoughts on crypto while also letting a user decide whether pulses are posted publicly. Both verified and unverified Bitfinex customers will be able to publish private pulses. After a nickname has been chosen a user can write, share and like pulses from other users. In addition, public pulses can be shared online, including on Twitter and Facebook, and be liked by other community members logged on to the Bitfinex Pulse platform.

To sign up with Bitfinex Pulse, a user can choose his or her nickname or use the one already connected to their Bitfinex account on the platform's Leaderboard. Alternatively, he or she can skip the Bitfinex Pulse account setup and view the pulses posted by other users.

Discover Bitfinex Pulse now!

Bitfinex Enables Deposits and Withdrawals for Tether (USDt) on Algorand April 10, 2020

We're pleased to announce that Bitfinex users can deposit and withdraw USDt on the Bitfinex platform using Algorand transport protocol.

This comes after Tether became the first stablecoin to launch on Algorand 2.0, the world's first permissionless, pure proof of stake blockchain platform. Tether is using one of the key features of the Algorand 2.0 upgrade, the Algorand Standard Asset (ASA) technology, which makes it possible for the tokenization and issuance of any type of asset on the Algorand blockchain.

As more institutions look to build decentralized financial applications, Algorand 2.0 offers scalable, enterprise-grade solutions that can be customized as needed for real-world use cases. Algorand 2.0 upgrades enable features such as standard assets, atomic transfers and smart contracts all built into layer-1 of the protocol. For more information, please visit algorand.com

Bitfinex Launches Staking Rewards Program April 07, 2020

In response to customer demand, we're excited to offer a Staking Rewards Program that allows users to earn rewards by holding funds on our platform.

Designed to provide users with another avenue to increase the value of their holdings, the Staking Rewards Program will enable customers to earn rewards as high as 10%* per year by depositing and holding digital tokens. Tokens available for staking rewards include EOS, Cosmos (ATOM) and v.systems (VSYS), with Tezos (XTZ) set to launch in May.

The staked digital assets will be held safely on our platform, utilizing Bitfinex's secure in-house custody solution. When Bitfinex stakes a digital token, it is delegated by the exchange, meaning that the tokens remain in the platform's control and are secured in the same manner as other tokens.

In celebration of the launch of the Staking Rewards Program, Bitfinex is hosting a competition, sTake a Bitfinex T-shirt. Participants will have the chance to win a branded Bitfinex T-shirt.

*This is the estimated annual staking reward for staked tokens. As described in our FAQs, in order to minimize the risk that staking will impact your ability to withdraw tokens, Bitfinex will only stake a portion of the total number of tokens it holds.

Bitfinex to Remove 87 Trading Pairs March 20, 2020

We will remove 87 trading pairs due to low levels of liquidity.

The removal of these trading pairs will serve to consolidate and improve liquidity on Bitfinex, leading to a more streamlined and optimised trading experience for our users.

The trading pairs listed below will cease trading from 26/03/20 10:00 AM UTC:

  • The following tokens to both Bitcoin and Ethereum: Dether (DTH/BTC), (DTH/ETH); DATA (DTA/BTC), (DTA/ETH); Bancor (BNT/BTC), (BNT/ETH); SingularityNET (AGI/BTC), (AGI/ETH); Request (REQ/BTC), (REQ/ETH); WePower (WPR/BTC), (WPR/ETH); UTRUST (UTK/BTC), (UTK/ETH); SingularDTV (SNG/BTC), (SNG/ETH); Ripio Credit Network (RCN/BTC), (RCN/ETH); Polymath (POY/BTC), (POY/ETH); Raiden Network (RDN/BTC), (RDN/ETH); Storj (STJ/BTC), (STJ/ETH); QASH (QSH/BTC), (QSH/ETH); Zillinqa (ZIL/BTC), (ZIL/ETH); SpankChain (SPK/BTC), (SPK/ETH); WAX (WAX/BTC), (WAX/ETH); 0chain (ZCN/BTC), (ZCN/ETH); Aventus (AVT/BTC), (AVT/BTC).
  • The following tokens to Ethereum only: Dragonchain (DRN/ETH), Monolith (TKN/ETH), Essentia (ESS/ETH), Hydro Protocol (HOT/ETH), Content Neutrality Network (CNN/ETH), MobileGO (MGO/ETH), Melon (MLN/ETH), Rate3 (RTE/ETH), YOYOW (YYW/ETH), POA Network (POA/ETH), Waltonchain (WTC/ETH), ABYSS (ABS/ETH), Medicalchain (MTN/ETH), CommerceBlock (CBT/ETH), Sentient Coin (SEN/ETH), iExec (RLC/ETH), Ether Kingdoms Token (IMP/ETH), ORS Group (ORS/ETH), Enjin Coin (ENJ/ETH), Internet Node Token (INT/ETH), AirSwap (AST/ETH), Edge (DADI/ETH), Xriba (XRA/ETH), VeChain (VET/ETH), Loopring (LRC/ETH), Aion (AIO/ETH), BLOCKv (VEE/ETH), , Kyber Network (KNC/ETH), Swarm (SWM/ETH), Gnosis (GNO/ETH), Decentraland (MANA/ETH), Qtum (QTM/ETH), Upfiring (UFR/ETH).
  • The following tokens to Bitcoin only: Cortex (CTX/BTC), Fusion (FSN/BTC), Mithril (MITH/BTC), Aelf (ELF/BTC), Seer (SEE/BTC), Project Pai (PAI/BTC), Cindicator (CND/BTC), Recovery Right Token (RRT/BTC), Auctus (AUC/BTC), FunFair (FUN/BTC).
  • The following tokens to Tether: Gatechain Token (GTX/USDt), ZB Token (ZB/USDt), Dragon Token (DT/USDt).
  • The following token to Euro: Verge (XVG/EUR).
  • The following token to Pound Sterling: Verge (XVG/GBP).
  • The following token to Stellar: Wollo (WLO/XLM).

Please note that the above tokens have not been delisted and are still available for trading on Bitfinex.

We would like to remind our users to cancel any open orders with the above trading pairs before 26/03/20 (Thursday). All remaining open orders will be cancelled by the system.

Bitfinex Hosts Launch of $280m Crypto Hedge Fund Fulgur Alpha as Exchange Becomes Go-To Place for Institutional Investors March 16, 2020

Bitfinex, a state-of-the-art digital asset trading platform, has onboarded Fulgur Alpha, a $280 million Bahamas-based absolute returns crypto hedge fund, consolidating its position as the leading source of liquidity for institutional investors in the crypto space.

The launch of Fulgur Alpha on Bitfinex will put the fund among the three biggest on an exchange widely recognised as providing the best liquidity in Bitcoin. Fulgur Alpha, which is accessible only to professional investors, aims to increase the size of its assets under management in 2020.

The onboarding of Fulgur Alpha cements Bitfinex's place as an exchange offering a robust trading infrastructure that meets the stringent requirements of institutional investors. Trading volumes of bitcoin and other cryptocurrencies on Bitfinex exceeded $2 billion during a torrid 24-hour period which saw the price of bitcoin plunge 50 percent.

Fulgur Alpha will benefit from a robust trading model that mediates the exchange as the central point of failure, a source of systemic risk in cryptocurrency markets. Fulgur Alpha's assets are held at Delchain Limited, a licensed provider of custody, banking, capital markets and initial offering advisory solutions for digital assets. The regulatory aspects of this project are under the supervision of Deltec Fund Services, a Bahamas-based fund administrator and division of Deltec International Group.

"It is really rare that a fund of this size chooses to trade almost exclusively in a single location," said Paolo Ardoino, Chief Technology Officer at Bitfinex. "The onboarding of Fulgur Alpha cements Bitfinex's position as the go-to venue for major crypto funds, market makers and arbitrageurs."

"We're bringing a traditional fund set up to the crypto space, with a diversification of risk, making this a unique proposition that has not been seen before," said Bruno Macchialli, Executive Head of Operations at Delchain. "This represents a blueprint for institutional investment in crypto, leveraging the required liquidity and custody solutions."

As an exchange offering state-of-the-art co-location services, Bitfinex is a favoured venue among institutional investors. The exchange's sophisticated Application Program Interface (API) and intuitive, user-friendly User Interface (UI) is also attracting professional investors with increasing levels of sophistication to the platform.

Bitfinex's scalable, high-performance infrastructure and connectivity supports a variety of strategies, including High Frequency Trading (HFT). Bitfinex is also leveraging its position as one-stop shop for crypto trading offering a variety of services, including margin trading with up to 5x leverage. The exchange also offers users access to a perpetual swap contract offering 100x leverage through its affiliate, iFinex Financial Technologies Limited.

Additional Product (Tether Gold Perpetual Contract), Updated Product Descriptions for Derivatives Platform March 06, 2020

We're pleased to announce the following updates to the Derivatives Product Description.

The Product Description now includes the XAUTF0:USTF0 (Tether Gold Perpetual Contract) product. The Tether Gold Perpetual Contract tracks the change in price of XAUt relative to USDt.

The Tether Gold product is more particularly described in the updated Derivative Product Descriptions here. If there are any differences between the description above and the Derivative Product Description, the Derivative Product Description will govern. Please read it carefully to ensure you understand the products available on the derivatives platform.

*The derivatives platform is provided by iFinex Financial Technologies Limited. References to Bitfinex Derivatives in this post are references to iFinex Financial Technologies Limited.

Bitfinex Adds Margin Trading for FTT/USD March 06, 2020

We're pleased to announce the launch of margin trading for FTX Token with US dollar (FTT/USD).

From 06/03/20 at 8:30 AM UTC, the pair can be traded with a maximum leverage of 1.66x, an initial equity of 60% and a maintenance margin of 30%.

This follows the recent addition of margin trading for Alogrand and Cosmos.

Margin trading enables traders to borrow funds to increase leverage, offering the potential for greater profits than in traditional trading. Still, the potential for greater rewards also comes with higher levels of risk, particularly given the volatility of digital assets.

If you wish to learn more about margin trading, please visit: https://support.bitfinex.com/hc/en-us/articles/115004555165-Intro-to-Margin-Trading

Bitfinex Adds Margin Trading for ALG/USD and ALG/USDt March 03, 2020

We're pleased to announce that Algorand pairs (ALG/USD), (ALG/USDt) will be added to the list of available pairs for margin trading.

From 03/03/20 at 9:00 AM UTC, these pairs can be traded with a maximum leverage of 2x, an initial equity of 50% and a maintenance margin of 25%.

This follows the recent launch of margin trading for Cosmos with US dollar (ATOM/USD).

Margin trading enables traders to borrow funds to increase leverage, offering the potential for greater profits than in traditional trading. Still, the potential for greater rewards also comes with higher levels of risk, particularly given the volatility of digital assets.

If you wish to learn more about margin trading, please visit: https://support.bitfinex.com/hc/en-us/articles/115004555165-Intro-to-Margin-Trading