Announcements

Bitfinex Increases Maximum Leverage on Margin Trading for Ethereum and EOS February 19, 2020

We're pleased to announce some exciting updates to margin trading for Ethereum and EOS pairs, designed to enhance the trading experience of our users.

From 19/02/20 10:00 AM (UTC), Ethereum to US dollar (ETH/USD), Ethereum to Bitcoin (ETH/BTC), and EOS to US dollar (EOS/USD) can be traded with a higher maximum leverage of 5x, a lower initial equity of 20% (reduced from 30%) and a reduced maintenance margin of 10% (cut from 15%).

This follows the recent increase in the maximum leverage and haircut for margin trading on Tezos (XTZ).

For more information on margin trading, please visit: https://support.bitfinex.com/hc/en-us/articles/115004555165-Intro-to-Margin-Trading

Bitfinex Increases Maximum Leverage and Reduces Haircut for Tezos (XTZ) Margin Trading February 17, 2020

We're pleased to announce some exciting updates to margin trading for Tezos (XTZ), designed to enhance the trading experience of our customers.

From 17/02/20 9:00 AM (UTC), Tezos pairs (XTZ/USD), (XTZ/BTC) can now be traded with a higher maximum leverage of 3.3x (increased from 2x), a lower initial equity of 30% (reduced from 50%) and a lower margin maintenance of 15% (reduced from 25%).

XTZ can also be held as collateral for margin trading with a lower haircut of 30% (reduced from 50%).

For more information on margin trading, please visit: https://support.bitfinex.com/hc/en-us/articles/115004555165-Intro-to-Margin-Trading

Bitfinex Completes Zilliqa (ZIL) Token Swap February 13, 2020

We're pleased to announce that Bitfinex has completed the Zilinqa (ZIL) token swap, ahead of ZIL's 15/02/20 deadline.

With the completion of the token swap, deposits and withdrawals of ZIL on our platform have resumed.

This token swap is part of ZIL's transition from the Ethereum network to their own mainnet solution.

We no longer support the depositing of ERC20 ZILs.

Scheduled Platform Downtime — February 11th February 10, 2020

Bitfinex will be performing a system upgrade on Tuesday, February 11th designed to enhance the stability and scalability of the iFinex infrastructure.

The upgrade is set to commence at 10:00 AM UTC and services will be offline from four to seven hours.

Please note that this is a rough estimate and the precise starting time may change slightly based on market movements.

The platform upgrade will require taking all iFinex trading platforms offline for the duration of the maintenance period. This means that Bitfinex traders will be unable to trade, view or obtain access to their wallets during the update.

We kindly ask all our traders to plan ahead accordingly and make the necessary account adjustments prior to the start of the platform upgrade.

What this means for traders

Traders on Bitfinex will not be required to take any action:     

            
  • All funds will remain safe and unaffected throughout the platform upgrade, and will not be at risk at any point.
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  • No orders will be executed during downtime. All open orders will be kept (regardless of price movements) and resume once the platform is back online.
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  • Users will not be liquidated during downtime. However, traders should be aware that if the price moves significantly during this time, they are at risk of liquidation as and when the platform is reopened. In line with this, we kindly ask all traders to review their margin requirements and assess the risk of market movement on their open margin positions before entering the maintenance window.
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For more information on the day of the upgrade, please refer to the Bitfinex status page and Twitter account for official progress. We will let our users know five minutes before the platform reopens. Trading will start ten minutes after the platform is accessible again.

We appreciate your patience during the system upgrade and look forward to presenting you with an improved trading experience.

Platform Update February 05, 2020

We're excited to announce a platform update that brings new important features to Bitfinex traders.

  • Addition of a One-Time Password (OTP) fallback option that users can opt for, providing them with the alternative of using Google Authenticator or Universal 2nd Factor (U2F) at log-in in case both are enabled. The OTP fallback option also applies to Bitrefill payments.
  • Enhanced account security for users who have not activated Two-Factor Authentication (2FA) for their accounts. After logging in, these users would receive an email with a link to confirm their ownership and access their accounts. We invite all users to activate 2FA to increase their security level.
  • Improved REST API interface code.

We have recently delisted Bitcoin Interest (BCI) and Banyan Network (BBN) from our platform. As withdrawals for BCI and BBN will only remain open until 15/02/20 at 10:00 AM UTC, we invite all users to withdraw BCI and/or BBN tokens as soon as possible.

Bitfinex to Support Bitcoin SV (BSV) Hard Fork February 02, 2020

Bitfinex will support the Bitcoin SV (BSV) hard fork. The BSV hard fork, called "Genesis", will take place when the block height reaches #620,538 (on approximately February 4, 2020), according to an announcement on the BSV website.

Please deposit your BSV to Bitfinex in advance to ensure the safety of your digital assets. Bitfinex will handle all technical matters relating to the hard fork on your behalf.

Deposits and withdrawals will be suspended on February 3 at 11:00 pm (UTC). Services will be resumed when the BSV mainnet is stable. Please refer to our further announcements on the resumption time. During this period, the BSV held in your Bitfinex account will not be affected.

Bitfinex Launches XAUt/USD, XAUt/USDt and XAUt/BTC Margin Trading with Pairs of up to 5x Leverage January 30, 2020

We're pleased to announce that Bitfinex has added margin trading for Tether Gold (XAU₮), a digital asset backed by physical gold. This follows the listing of Tether Gold on Bitfinex.

Margin trading for Tether Gold with US dollar (XAU₮/USD), tether (XAU₮/USD₮), and bitcoin (XAU₮/BTC) began 30/01/20 at 2:00 PM UTC. These pairs can be traded with an initial equity of 20% and a maximum leverage of 5x. Furthermore, the maximum leverage for BTC/USD has been increased from 3.3x to 5x.

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 our knowledge base.

About Tether Gold (XAU₮)
XAU₮ is a digital asset offered by TG Commodities Limited. One XAU₮ token represents one troy fine ounce of gold on a London Good Delivery gold bar.

Holders of XAU₮ obtain the combined benefits of both physical and digital assets. XAU₮ token holders will be able to enjoy ownership of gold while avoiding drawbacks associated with physical gold, such as high storage costs and limited accessibility.

Today, Tether Gold (XAU₮) is the only product among the competition that offers zero custody fees and has direct control over the physical gold storage, safely held in a Switzerland vault, adopting best in class security and anti-threat measures.

For more information on XAU₮, please visit: gold.tether.to

Important Note
This post is not an offer to sell or the solicitation of an offer to buy XAU₮. TG Commodities Limited will only sell or redeem XAU₮ pursuant to its terms of sale and service available (as of the date of this press release) at gold.tether.to/legal.

Bitfinex Adds Tether Gold (XAUt), Bringing Digital Exposure to World's Most Enduring Asset January 24, 2020

We're pleased to announce that Bitfinex has listed Tether Gold (XAU₮), a stablecoin backed by physical gold. Trading in XAU₮ commenced on 24/01/20 at 2:30 PM UTC. XAU₮ can be traded with U.S. Dollar (XAUt/USD), tether (XAUt/USDt), and bitcoin (XAUt/BTC).

About Tether Gold (XAU₮)
XAU₮ is a digital asset offered by TG Commodities Limited. One XAU₮ token represents one troy fine ounce of gold on a London Good Delivery gold bar.

Holders of XAU₮ obtain the combined benefits of both physical and digital assets. XAUt token holders will be able to enjoy ownership of gold while avoiding drawbacks associated with physical gold, such as high storage costs and limited accessibility.

Today, Tether Gold (XAU₮) is the only product among the competition that offers zero custody fees and has direct control over the physical gold storage, safely held in a Switzerland vault, adopting best in class security and anti-threat measures.

For more information on XAU₮, please visit: gold.tether.to

Important Note
This post is not an offer to sell or the solicitation of an offer to buy XAU₮. TG Commodities Limited will only sell or redeem XAU₮ pursuant to its terms of sale and service available (as at the date of this press release) at gold.tether.to/legal.

Bitfinex Introduces Sub-Account Feature January 20, 2020

In response to customer demand, we're pleased to announce the launch of a sub-account feature, which will allow multiple trading accounts to be set up within a single organization and provide control access on an account level.

The new sub-account feature offers the following benefits:

  • Bitfinex will use the combined trading volume of all linked accounts, offering a shared volume with fee discounts across all accounts based on the cumulative fee tier. For additional information on our fee tiers, visit our fee page.
  • The feature will provide users with the capacity to experiment with various trading strategies at the same time. This will enable traders to track their strategies more accurately.
  • If a user's account is verified, the customer can decide which sub-account to share verification data, enabling the chosen account to benefit from all the advantages of verification status. Alternatively, each sub-account can be verified individually.
  • A user taking advantage of this service will be able to transfer cryptocurrency funds between the master account into the wallet of a chosen sub-account.

When a sub-account is created it will be linked to a user's primary account, which will become the customer's master account. A master account has exclusive authority to set up sub-accounts (with a cap of 100 different accounts). A master account has the capacity to perform a variety of functions, including:

  • Switch access to view and make changes to the various sub-accounts (a user's sub-account email has to be verified first in order to perform this function).
  • Set security restrictions on sub-accounts.
  • Set the desired verification status on each sub-account.

For additional information on the sub-account feature, please visit our knowledge base.
We invite you to share your feedback on the new sub-account feature with us here: https://cs.bitfinex.com

Bitfinex Launches Color Blind-Friendly Theme December 27, 2019

We're pleased to announce the launch of a user interface designed to be accessible to our customers with color blindness!

The launch of the new theme is in response to customer feedback on the difficulty in distinguishing between red and green elements on our platform. While there are different types of color blindness, we've designed this new theme with a color combination to suit the most number of users.

This color blind-friendly theme will help our customers with this condition distinguish between the different elements on our trading platform, thereby enhancing their trading experience.

Introducing this accessible color blind-friendly theme forms part of our ongoing commitment to furthering crypto adoption. As an exchange, we are continually integrating new services to make our platform more accessible, recent examples of which include the removal of a small deposit fee and support of credit and debit card payments.

We invite you to share your feedback on this new color blind-friendly theme with us here: cs.bitfinex.com