This is a reminder that tomorrow, at approximately 8:30 AM UTC, Bitfinex will be offline for up to seven hours as we commence a platform upgrade designed to enhance the stability and scalability of the iFinex matching engine.
Both Bitfinex and Ethfinex will be down for up to 7 hours to complete the upgrade. 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:
We look forward to providing all our users with an increasingly high-quality trading experience.
The Bitfinex team
A BTC/XCHF trading pair has been added to Bitfinex as our first non-USD stablecoin base pair.
The CryptoFranc (XCHF), is an Ethereum-based stablecoin representing a Swiss Franc denominated bond. The value of 1 XCHF is equal to 1 CHF through a direct token backing.
XCHF was launched in October 2018 by Swiss Crypto Tokens, a subsidiary of Bitcoin Suisse. To learn more about the CryptoFranc, visit bitcoinsuisse.ch/stablecoins.
On Friday 21 June, Bitfinex has introduced trading for the highly anticipated Algorand ALGO token.
Trading will be enabled against USD, BTC and USDt, with margin and funding markets set to be enabled as sufficient liquidity develops.
Algorand is an innovative, permissionless proof-of-stake network building technical innovation delivering scalability, decentralisation and stability.
The Algorand consensus model works to create transparency, protection and speed within a decentralized network. With a focus on instantaneous transaction finality, Algorand’s transaction throughput can accommodate large payment and financial networks.
For further details on Algorand, visit their website here.
Trading for ALGO has been enabled at 09:30 AM UTC on Friday June 21, and users are able to deposit, place orders and make withdrawals for ALGO.
To stay up to date, follow us on Twitter and Telegram and for any questions, reach out to us on Bitfinex Support.
On June 26, both Bitfinex and Ethfinex will be offline for up to seven hours as we commence a platform upgrade designed to enhance the stability and scalability of the iFinex matching engine.
The platform upgrade will require taking all iFinex trading platforms offline for the duration of the maintenance period. This means that traders across both Bitfinex and Ethfinex will be unable to trade, view or access their wallets during the update.
Traders across both Bitfinex and Ethfinex will not be required to take any actions:
We kindly ask all our traders to plan ahead accordingly and make the necessary account adjustments prior to the start of the platform upgrade.
For more information, please refer to the following announcement following announcement.
We are now pleased to present the third round of benefits for UNUS SED LEO token holders on Bitfinex.
As of Thursday June 20th, UNUS SED LEO holders on Bitfinex can further reduce their taker-fees by up to 6 BPS (0.06%) across all trading pairs (including crypto-to-fiat), to a minimum taker fee of 2.5 BPS (0.025%).
The maximum taker fee reduction is thus reached by holding 21m USDt in LEO across the previous month.‘Fee Discount’ announcement.
On Tuesday, June 18th, Bitfinex will introduce trading for the BitKan exchange token, KAN, against USD and USDt.
Trading for KAN will go live on Tuesday, June 18th, at 2:00 PM UTC. Trading will be limited to KYC verified customers and certain jurisdictions. To begin the verification process at Bitfinex, traders should head to Bitfinex.com/verification.
Founded in November 2012, BitKan provides digital asset investment, trade execution and security services to users across 170 countries. Backed by BITMAIN, Huobi, OKEx, FBG and Node Capital and more, BitKan is built around a ‘smart-price’ technology which guarantees best pricing through an innovative exchange aggregating service. The KAN token is used to pay service fees on BitKan's trading app, including coin-to-coin exchange fees and withdrawal fees.
In another step towards greater industry collaboration, UNUS SED LEO (LEO), the native Bitfinex token, will launch trading on BitKan on June 18th.
Bitfinex is proud to announce the launch of the UNUS SED LEO Transparency Initiative.
The initiative, built around a real-time token burn redemption mechanism, marks the launch of the LEO burn mechanism which will see iFinex gross revenues allocated to purchasing circulating LEO tokens at market rates.
To complement the launch of the UNUS SED LEO burn mechanism, we have launched the ‘LEO Transparency Dashboard’, providing real-time insights into all collected platform fees, and subsequent LEO burns.
The UNUS SED LEO Transparency Dashboard can be accessed at leo.bitfinex.com.
We remain humbled by the continued support from the cryptocurrency community, and the overwhelming faith in our long term actions. We are incredibly excited for the next stage of UNUS SED LEO, providing the LEO community with the insights they deserve.
For more information, refer to today’s announcement.
OKB and USDK are making their way to Bitfinex!
Trading for both assets will go live on Thursday, June 13th, at 10:00 AM UTC.
Trading for OKB will be available against USD, USDt, ETH and BTC. Trading for USDK will be available against USD, USDt, ETH, BTC and EOS.
OKB is the native token of the OKEx trading platform. Currently on Ethereum, the OKB token is expected to transition to the OKChain in July 2019. For more information, refer to the OKB launch announcement.
USDK is a dollar-pegged stablecoin launched by OKLink on June 3rd. For more information, refer to the USDK website.
In addition to the above, UNUS SED LEO (LEO), the native Bitfinex token, will launch trading on OKEx June 13th, in another significant step for the growth and adoption of LEO.
As of June 22nd, every WebSocket connection will have a limit of 30 subscriptions to public market data feed channels (tickers, book, candles, trades, …). We kindly ask all users to adapt their application setup accordingly to split subscriptions to channels using multiple WebSocket connections.
For all affected users, this update means handling multiple streams (or running multiple instances and spreading them over different pairs). Please note that this change does not affect the authenticated feed.
Moving forwards, all users who do not reconfigure their API settings will be met with an error message. As an example, if you exceed the allowed subscription quota for channels on a single WebSocket connection, you will receive error:10305 to notify the quota that the current WebSocket connection is full.
For more information on the upcoming change, please visit the following announcement: ‘Upcoming Bitfinex API Update — June 2019
On Friday 14 June, Bitfinex introduces trading for the Gate.io exchange token, GT, against USD and USDt. Please note that the token will be labelled as GTX on Bitfinex.
Gate.io was created to enable a new generation of traders to access digital markets. GT is the Gate.io utility token, designed to support and grow the infrastructure of the Gate.io public chain. For more information, refer to the GT launch announcement.
Trading is limited to KYC verified customers and certain jurisdictions. To begin the verification process at Bitfinex, traders should head to bitfinex.com/verification.
UNUS SED LEO will launch trading on Gate.io on June 12th, 8.00 UTC, marking the further expansion of LEO across top tier exchanges in the digital asset space. Learn more here.