Announcements

Data Migration Maintenance - Telegram AMA, January 3rd January 02, 2019

On Monday 7th January 2019 (time to be confirmed), Bitfinex and Ethfinex will be offline for a duration between three to seven hours as iFinex completes the final stage of its data migration to dedicated bare-metal servers.

Aided by Market Synergy (announced earlier this year), iFinex is switching from AWS cloud to a self-designed infrastructure hosted in a Swiss data centre in the heart of Crypto Valley. iFinex will have its own dedicated servers and has selected premium hardware that is the best suited to high volume trading. The last stage in this process necessitates taking iFinex trading platforms offline, meaning that Bitfinex and Ethfinex account holders will be unable to trade or access their wallets during the transition. For more information on this, please refer to the recent data migration announcement published on December 29th.

 
Upcoming ‘Ask Me Anything’ Session

In light of the upcoming maintenance on January 7th, we have scheduled an AMA to take place on the Bitfinex Telegram tomorrow, January 3rd at 4PM UTC. This AMA will act as a Q&A session for traders to clear up any concerns associated with the scheduled downtime, as well as for users to ask questions into the longer-term changes on Bitfinex made possible by this event. The AMA will take place tomorrow, January 3rd, on the Bitfinex Telegram channel at 4PM UTC. We look forward to seeing you there!

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.

Best,

The Bitfinex team

Bitfinex Introduces Margin Trading for USDT/USD December 21, 2018

From 11:30am UTC Bitfinex opens margin trading for USDT/USD pair, improving our stablecoin offering in line with market evolution and consumer demand.

At Bitfinex we work tirelessly to ensure our platform reflects the needs of professional traders, offering market differentiating order types for unique trading strategies. Today, adding margin trading on USDT/USD pair will not only allow for more efficient price discovery, but in an important move for risk management, unlock the ability to hedge the exposure taken on stablecoins. Along with a dedicated lending market, USDT will be available as collateral for margin positions.

At present, stablecoin margin trading is necessarily limited to USDT/USD, but as part of our commitment to providing a coin agnostic platform there are plans to introduce margin trading for the other major stable coin pairings when sufficient liquidity is reached. Read more about our recent introduction of all major stablecoins to Bitfinex here

As always, our dedicated support team will be available 24/7 for any queries around this update.

The Bitfinex Team.

Bitfinex and Ethfinex list every major stablecoin in commitment to providing coin agnostic platforms December 04, 2018

From today customers of Bitfinex and Ethfinex will be able to trade all six major stablecoins on both exchanges.

At Bitfinex and Ethfinex we are dedicated to providing a high quality, unbiased meeting place for every ecosystem and customer. We were the first to introduce alternative stablecoins onto our platform, including Dai (an Ethereum collateralised stablecoin), and now proudly introduce the following established stablecoins: USDC, True USD, Paxos, and Gemini USD. All stablecoins on Bitfinex and Ethfinex will be traded against USD.

For more information, please refer to today’s announcement.

Deposits & Withdrawals Open For Bitcoin SV (BSV) November 28, 2018

As of 9AM UTC today we have enabled deposits and withdrawals for BSV (Bitcoin SV).

Users are at this point in time able to generate new BSV deposit addresses on Bitfinex. BSV deposits require the generation of a new deposit address prior to use.

Please note that at this time we will not support Replay Deposits.. Users should take extra precaution to ensure that their transfers are split and that only the token that they wish to deposit is transferred. Please take extra care when making any BAB/BSV transfers and ensure that you are using both the correct address and token.

If you are unsure as to what the above means, please contact [email protected] prior to initiating the transaction.

Both BAB and BSV are currently trading on Bitfinex - both against USD and BTC. See more here.

For more information, please visit the Bitfinex Telegram.

Bitfinex announces Tether neutrality and launches new stablecoin pairs November 27, 2018

Continuing our heritage of providing a neutral, coin-agnostic platform, from today Bitfinex users will be able to trade Tether-fiat directly on our platform through the addition of USDT/USD and EURT/EUR Tether trading pairs. This replaces the previous 1:1 conversion on deposits and withdrawals provided by Bitfinex, and reflects the increasing range of choice in the stablecoin market and demands from our consumers.

Tether was created October 6th2014 in response to a clear market need to allow movements of funds quickly between different exchanges, whilst benefiting from the stability of the US Dollar. It remained the sole stablecoin in the market until March 2018, with a handful of alternatives launching this year.

Historically by providing the guarantee of the Tether / US Dollar 1:1 peg, Bitfinex has protected customers, ensuring they can redeem at any time. Having increased visibility of Tether through some shared executive team members gave Bitfinex the confidence to commit to this approach.

Now in reflection of the evolved stablecoin market, and in keeping with our ethos that an exchange should be a neutral actor, wallets on Bitfinex will support Tether balance USDT and EURT in addition to the existing USD and EUR fiat balances. Users may then use this new pair to convert fiat to Tether and vice versa as desired. This effectively means that Bitfinex users can deposit, trade and withdraw USD and EUR in both fiat and Tether denominations.

At Bitfinex we are proud to consistently be first in market in supporting forks and access to all major currencies. We were the first to introduce alternative stablecoins onto our platform, including Dai (an Ethereum collateralised stablecoin), and we will introduce new stablecoin pairings as and when demand is high enough to list them on our exchange.

All existing USD balances on Bitfinex will remain fiat and unaffected by this change. Any Tether deposits initiated before 14:30:00 UTC on the 27th of November will be credited to the user's fiat wallet balances, whereas Tether deposits initiated after this cutoff time will be credited as Tether (USDT). As always, our dedicated support team will be available 24/7 for any queries around this change.

This update is launched in conjunction with increased flexibility in the redemption of Tether with a major update to the Tether.to platform. Customers are now able to redeem their USDTs to USD directly through the newly-updated Tether.to platform. The Tether website now supports full account verification whilst allowing for direct Tether-to-fiat conversions at a fixed 1:1 rate. See the full Tether announcement here to find out more.

As a team, we will continue to work hard to provide the best solutions for our customers, with the technology, expertise, and drive to adapt and evolve as quickly as the crypto market moves.

The Bitfinex Team

RSK (RBTC) Added To Bitfinex November 23, 2018

Today we are pleased to introduce trading for RSK (RBTC) - a smart contract platform secured by the Bitcoin network.

Trading will be enabled for RBTC against BTC and USD. Margin markets may be introduced pending the development of a sufficiently liquid trading market.

RSK is the first smart contract network secured by Bitcoin. The network provides scalability whilst reducing storage and bandwidth usage using probabilistic verification and sharing techniques, thus providing flexibility for instant payments such as retail-ready store payments and microcredits.

RBTC is the native token of RSK and is used to pay gas to execute RSK transactions and smart contracts. RBTC is pegged 1:1 to BTC, and can be autonomously converted to/from BTC through the so-called 2WP’ that bridges the Bitcoin and RSK protocols.

Start trading RBTC.

Learn more about RSK and the RBTC token.

Deposits & Withdrawals Open For Bitcoin Cash ABC (BAB) November 22, 2018

As of 1pm UTC today, November 22nd 2018, we will be opening up deposits and withdrawals for BAB (Bitcoin Cash ABC).

Users are at this point in time able to generate new BAB deposit addresses on Bitfinex. All previously issued BCH deposit addresses will still be considered valid and viable for BAB deposits moving forward.

Please note that at this time we will not support Replay Deposits. If you send a BAB deposit and BSV gets replayed along with it, we will not recover or credit you BSV.

Users should take extra precaution to ensure that their transfers are split and that only the token that they wish to deposit is transferred. Please take extra care when making any BAB/BSV transfers and ensure that you are using both the correct address and token.

If you are unsure as to what the above means, please contact [email protected] prior to initiating the transaction.

 
BSV Update

In line with the above, we expect to enable BSV deposits and withdrawals in the coming days. BSV deposits, when opened, will require the generation of a new deposit address. Further announcements will be made as and when BSV deposits open.

 

Both BAB and BSV are currently trading on Bitfinex - both against USD and BTC. See more here.

Margin trading and funding for BSV and BAB is not currently available but may be offered at a later point in time upon stabilisation of the respective markets.

For more information, please visit the Bitfinex Telegram.

Wollo (WLO) Makes Its Way To Bitfinex November 19, 2018

Today we are incredibly pleased to introduce trading for Wollo (WLO) - a unique Stellar-based token centred around driving mass adoption of cryptocurrencies and financial education..

Trading will be enabled for WLO against XLM and USD pairs, with margin markets to be introduced pending the development of a sufficiently liquid trading market.

The addition of Wollo to Bitfinex represents a significant milestone for our team and the wider blockchain space. WLO is the first Stellar token to make its way to Bitfinex and we are proud to act as a platform of support, development and education for projects championing the values that Pigzbe promote.

The capabilities of distributed technologies have evolved rapidly over the past year and it is the fundamental responsibility of participants in this space to help foster growth and facilitate learning if these groundbreaking technologies are to succeed. However, this represents just one of multiple reasons for our collaboration with Pigzbe and Wollo. With a focus on promoting financial education from an early age, Pigzbe works to empower its users whilst lessening the gap between between cryptocurrency potential and adoption.

Start trading Wollo.

Learn more about Pigzbe and the WLO token.

Update on Bitcoin Cash hard fork November 13, 2018

On November 11th November Bitfinex announced support for Bitcoin Cash hardfork happening on November 15th.
In the last days it has been more evident that the fork will likely result in two different chains, Bitcoin Cash ABC and Bitcoin Cash SV.
At the same time our BCH markets experienced a significant increase of Margin Short positions in quantity and size.
To prevent any risk of manipulation and hence to maintain a healthy market we have decided to use the Chain Split Tokens (CST) approach to govern this particular event.

Bitcoin Cash Chain Split Tokens

Bitfinex is introducing new Chain Split Tokens (CSTs) that will allow traders to trade the anticipated Bitcoin Cash tokens resulting from the Bitcoin Cash hard fork implementations "ABC" and "SV" on November 15, 2018. We are designating these CSTs "BAB" (ABC implementation) and "BSV" (SV implementation).

These CSTs will trade against USD and BTC as pairs BAB/USD, BAB/BTC, BSV/USD and BSV/BTC. Margin/leverage will be unavailable. Users will be able to create or destroy these new CSTs in any amount using the Token Manager located in the Order Type drop down menu of the sidebar order ticket, or in the menu at the top of the UI. Upon creation by a user, the BCH will be debited from the user's account and an equivalent amount of BAB and BSV will be credited. Users will be able to reverse this process at any time using the Token Manager.

These CSTs will provide pricing continuity through the Snapshot Event. After the Snapshot Event, these pre-event CSTs will convert automatically to the post-event on-chain tokens. We will use the symbol "BAB" for Bitcoin Cash ABC and symbol "BSV" for Bitcoin Cash SV to designate the post-event on-chain tokens.

Bitcoin Cash and Financed Positions

When the hard fork occurs, we will take a snapshot of all Bitcoin Cash balances and positions. BCH balances will be credited both BAB and BSV. Anyone who is short BCH during the Snapshot Event will have a their accounts debited BAB and BSV. If there is not enough BAB and BSV in the account, these users will have a negative balance of BAB and BSV. Anyone who is long BCH during the Snapshot Event will then have BAB and BSV credited to their account. In other words, outstanding positions (including margin positions) will be “claimed” and converted to currency balances. This will have the effect of margin funding being canceled and borrowers will need to restore their account to positive wallet balances in order to continue using the platform.
As an example: If a user holds 5 BCH and has and active 10 BCH/USD long margin trading position with a base price of 500 USD at the Snapshot Event, this user will see 5 BAB and 5 BSV credited based on his 5 BCH balance prior to the Snapshot Event. As a result of the active margin trading long position 10 BAB and 10 BSV will be credited and -5000 USD will be debited.

At the moment of the Snapshot Event (UNIX time 1542300000, i.e. 4:40:00 PM UTC, November 15th), we will immediately freeze all BCH balances and halt all BCH/XXX markets.
This freeze will last until the BAB and BSV accounting can be adequately prepared and addressed. We expect the process to be quick and automated, but we cannot guarantee that it will be immediate. BCH borrowers can hedge or estimate this liability with newly listed CSTs.

Trading and Withdrawals

Anyone with a negative balance resulting from being a BCH borrower at the time of the fork will need to buy back into BAB and BSV before 31 December 2018 or risk having the system do it for them. Once all negative balances have been settled, we may, at our sole and absolute discretion, delist BAB or BSV and make withdrawals only available for a limited time. While we want to make such forks available to our customers, our limited and temporary support for them is not and should not be construed as support for any particular project.

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