Announcements

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

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.