Announcements > Bitfinex and Ethfinex will be down for a scheduled update on January 7th December 29, 2018

On January 7th, 2019, at approximately 10:00 AM UTC (exact timing to be confirmed), Bitfinex will be performing a data migration to dedicated bare-metal servers to improve speed, performance and security.

Both Bitfinex and Ethfinex will be down for up to 7 hours to complete the migration. Account holders will not be able to access their wallets, and all features across both platforms will be offline for the duration of the upgrade.

What this means for you:

  • All funds will remain safe and unaffected throughout the entirety of the migration and will not be at risk at any point throughout the update. 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.
  • 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 soon as the platform is reopened and should therefore take necessary precautions.

Whilst the migration is scheduled to take place on January 7th, placing our traders’ best interests at the forefront, this date will be contingent on market conditions.

For more information regarding the update, please see our blog post and refer to the following FAQ. We will be providing further announcements in the run up to the upgrade, so please keep following:

We look forward to providing all our users with an increasingly high-quality trading experience.


The Bitfinex team