Announcements

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.

Bitfinex Launches Futures Trading on Tether Gold March 06, 2020

We're pleased to announce that we now support perpetual swap* trading on Tether Gold (XAU₮), a digital token backed by physical gold listed on Bitfinex in January.

Futures trading began on the Tether Gold/Tether pair (XAUTF0/USTF0) at 06/03/2020 8:30 AM UTC. The perpetual swap pair will allow up to 100x leverage. The launch of futures on XAU₮ offers another means of obtaining exposure to the world's most enduring asset.

Futures contracts enable traders to buy or sell assets at a specified price and date in the future, providing a means of hedging and offsetting risks, as well as an opportunity to multiply profits. Trading will only be available in certain jurisdictions, and is exclusive to verified users.

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

*Derivatives/Futures trading products are provided by iFinex Financial Technologies Limited

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 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

Bitfinex To Cease Trading for Several Trading Pairs with Low Liquidity March 02, 2020

We would like to announce the removal of several trading pairs due to its low liquidity on our platform.

The removal of these trading pairs is a common measure that serves to consolidate and improve liquidity on Bitfinex, leading to a more streamlined and optimised trading experience for our users. The below tokens have not been delisted and are still available for trading on Bitfinex.

From 06/03/20 10:00 AM UTC, trading will cease for the trading pairs of:

  • The following tokens to Ethereum: Fusion (FSN/ETH), Scorum (SCR/ETH), Credits (CSX/ETH), On.Live (ONL/ETH), Statis Euro (EUS/ETH), Atonomi (ATM/ETH), AidCoin (AID/ETH), Aelf (ELF/ETH), Auctus (AUC/ETH), DAOstack (GEN/ETH), Mithril (MIT/ETH), Seer (SEE/ETH), Yggdrash (YGG/ETH), Contentbox (BOX/ETH), Lympo (LYM/ETH), BnkToTheFuture (BFT/ETH), OKEX (OKB/ETH), Blockpass (PAS/ETH), Loom Network (LOO/ETH), Verge (XVG/ETH), MATRIX AI Network (MAN/ETH), FOAM (FOA/ETH), Tripio (TRI/ETH), Vetri (VLD/ETH), Nucleus Vision (NCA/ETH), Universa (UTN/ETH), Cortex (CTX/ETH)
  • The following tokens to Bitcoin: CommerceBlock (CBT/BTC), Edge (DAD/BTC), ORS Group (ORS/BTC), BLOCKv (VEE/BTC), Nectar Token (NEC/BTC), Nucleus Vision (NCA/BTC), Sentient Coin (SEN/BTC), Everipedia (IQX/BTC), POA (POA/BTC), Lympo (LYM/BTC), Hydro Protocol (HOT/BTC), YOYOW (YYW/BTC), Atonomi (ATM/BTC), AidCoin (AID/BTC), Medicalchain (MTN/BTC), Essentia (ESS/BTC)
  • The following tokens to DAI: OmiseGO (OMG/DAI), 0x (ZRX/DAI)
  • The following token to Japanese Yen: Verge (XVG/JPY)

We would like to remind our users to cancel any open orders with the above trading pairs before 06/03/20 (Friday). All remaining open orders will be canceled by the system.

Bitfinex Repays $100M of Outstanding Loan Facility to Tether February 28, 2020

Bitfinex is pleased to announce that on Friday, February 28, 2020, it repaid $100,000,000 of the outstanding loan facility to Tether. Bitfinex made this payment in fiat wired to Tether's bank account. This payment is all on account of principal. Interest on all amounts due under the facility agreement has been prepaid up to March 2020.

Bitfinex Adds Margin Trading for ATOM/USD February 25, 2020

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

From 25/02/20 at 9:00 AM UTC, the pair can be traded with a maximum leverage of 2x, an initial equity of 50% and a maintenance margin of 25%.

The addition of margin trading for ATOM/USD follows an increase in maximum leverage for margin trading on Bitcoin, XRP, Litecoin, Ethereum and Tezos.

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 Increases Maximum Leverage on Margin Trading for Bitcoin, Ethereum, Litecoin and XRP February 21, 2020

We're pleased to announce the increase in maximum leverage on margin trading for several cryptocurrency pairs on our platform, designed to enhance the trading experience of our users.

From 21/02/20 7:30 AM (UTC), XRP to US dollar (XRP/USD), XRP to bitcoin (XRP/BTC), bitcoin to euro (BTC/EUR), bitcoin to Tether (BTC/USDt), Ethereum to Tether (ETH/USDt), and Litecoin to US dollar (LTC/USD) can now be traded with a higher maximum leverage of 5x.

This follows the recent increase in the maximum leverage for margin trading on Ethereum pairs (ETH/USD), (ETH/BTC), EOS pair (EOS/USD) and Tezos pairs (XTZ/USD), (XTZ/BTC).

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 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