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.
We are now pleased to announce the second round of benefits for UNUS SED LEO token holders on Bitfinex.
As of today, Tuesday June 4th, UNUS SED LEO holders with more than 5,000 USDt LEO equivalent will have their taker fees reduced by an additional 10% across all crypto-to-crypto pairs (including crypto-to-stablecoin) pairs.
Users are required to have an average of more than 5,000 USDt equivalent of LEO in their Bitfinex wallets over the last 30 days (since May 20th). The discount is calculated every 12 hours and applies to all taker fees spent across both Bitfinex and Ethfinex.
More UNUS SED LEO fee benefits are set to go live over the course of the coming weeks and we remain committed to growing the range of advantages for traders on Bitfinex.
We welcome you to the era of UNUS SED LEO.
We are pleased to introduce margin markets for the iFinex utility token, UNUS SED LEO, against USD and USDt.
To view the UNUS SED LEO margin markets, head to www.bitfinex.com/t/LEO:UST .
Today’s addition will improve liquidity for UNUS SED LEO and enable holders to lend out their tokens to receive market funding interest. In addition to this, UNUS SED LEO can now be used as collateral for margin positions to further increase the options available to traders on Bitfinex.
We urge all traders on our platform to exercise caution when trading across margin markets. As liquidity is still developing in the UNUS SED LEO markets, traders need to pay careful attention to order book depth and market movements to avoid unwanted liquidations. If you are new to margin trading on Bitfinex, please refer to the following support article: ’Intro to Margin Trading’.
This week, we introduced the first round of trading fee discounts for UNUS SED LEO token holders, and will reveal additional benefits for holders over the coming weeks.
Welcome to the era of UNUS SED LEO.
One week ago Bitfinex introduced UNUS SED LEO to the cryptocurrency space as a utility token at the heart of the iFinex ecosystem. UNUS SED LEO has been designed to empower the Bitfinex community of traders, providing benefits for those seeking to maximize the potential of Bitfinex through a series of fee reductions, discounts and monthly token burns.
In line with this, we are pleased to announce the first wave of benefits for UNUS SED LEO token holders on Bitfinex.
As of today, Tuesday May 28th, UNUS SED LEO holders will have their taker fees reduced by 15% across all crypto-to-crypto (including crypto-to-stablecoin) pairs across Bitfinex.
Users are required to have an average of just 1 LEO USDt equivalent in their Bitfinex wallets over the last 30 days (since May 20th). The discount is calculated every 12 hours and applies to all taker fees spent across both Bitfinex and Ethfinex.
All current and future UNUS SED LEO fee discounts are visible on the Bitfinex Fees page; here users will be able to view all account fee discounts when logged in. Additionally, Bitfinex users can view all relevant token/fee statistics under Reports > Summary.
For more information, refer to today’s Fee Reduction announcement.