Bitfinex will be performing a system upgrade on Thursday, August 1st designed to enhance the stability and scalability of the iFinex matching engine.
The upgrade is set to commence at 9.30AM UTC and services will be offline for 2 – 3 hours. Please note that this is a rough estimate and the precise 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 traders across both Bitfinex and Ethfinex will be unable to trade, view or access 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.
Traders across Bitfinex will not be required to take any actions:
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 5 minutes before the platform re-opens. Trading will start 10 minutes after the platform is accessible again.
We appreciate your patience during the system upgrade and we look forward to presenting you with an improved trading experience.
Bitfinex has enabled full support for EOS-based USDt deposits and withdrawals. To deposit EOS-based Tether to Bitfinex, visit bitfinex.com/deposits/tether/ust. Please note that full KYC verification is required to deposit and withdraw USDt to Bitfinex.
By bringing Tether to EOSIO, Tether strives to unlock the true potential of a blockchain-based stablecoin by appealing to individuals seeking a borderless, efficient, and free peer-to-peer value transfer.
The launch of EOS-based Tether on Bitfinex follows today’s complete launch of eosfinex - a fully on-chain trading experience combining the speed and scalability of EOS with the expertise of Bitfinex. Visit eosfinex here.
Bitfinex has enabled full support for Tron-based USDt deposits and withdrawals. To deposit TRC-20 Tether to Bitfinex, visit bitfinex.com/deposits/tether/ust. Please note that full KYC verification is required to deposit and withdraw USDt to Bitfinex.
TRC20-based USDt is a Tether token interoperable with the Tron protocol. Announced in March 2019, TRC20 USDt seamlessly facilitates the movement of fiat-pegged tokens across the Tron blockchain network, bringing extensive access and interoperability to applications built on Tron.
On Monday July 29th, Bitfinex has introduced trading for the highly anticipated RenrenBit RRB token.
Trading will be enabled against USD and USDt, with 0% maker fees for the first 30 days of trading. Margin and funding markets will be enabled as sufficient liquidity develops.
RenrenBit is a secure and transparent digital bank built on blockchain.
Established in August 2018, RenrenBit has successfully developed a product centered around four core pillars - deposit, trading, lending and automated investment.
The RRB token is a digital token playing an essential role in the growth of the RenrenBit ecosystem through the provision of platform discounts, acting as lending collateral and much more. In addition to this, RenrenBit will commence a token buyback program, buying up all RRB tokens using platform revenues.
The initial price of RRB was 1 USDt. The circulating supply is 23,100,000 with the total supply set at 42,000,000.
Trading for RRB has been enabled at 10 AM UTC on Monday July 29, and users are now able to deposit, place orders and make withdrawals for RRB.To view the RRB markets, click here.
To stay up to date, follow us on Twitter and Telegram and for any questions, reach out to us on Bitfinex Support.
Earlier today, we were contacted by Frank Chaparro of The Block seeking comment on a story about an unnamed person opening a Bitfinex account from New York and then withdrawing digital tokens from that account.
We have now identified this user. We correctly flagged this user’s IP address as being in the U.S. Notwithstanding the U.S. IP address — which may be used by Bitfinex customers, as appropriate — our system logs demonstrate that this user represented to us several times that he was not an individual resident in the U.S. This person has lied to Bitfinex on multiple occasions, deliberately and wrongly concealed his location, and flagrantly violated our terms of service.
We think it’s unfortunate that Mr. Chaparro would rather associate himself with these actions than actively attempt to help us uncover and punish fraudulent behaviour on our platform. This kind of ‘gotcha’ sting also speaks volumes about his and our other detractors’ true motivations.
We have disabled the account involved in this case. We reserve the right to report this and other fraudulent behaviours to appropriate authorities. Finally, we remind United States persons that they are not welcome on our platform and that we will continue to take action to enforce our rights and fulfill our legal obligations.
Trading has been enabled for Ultra (UOS) against BTC and USD on both Bitfinex and Ethfinex.
Ultra is a protocol and platform positioned to disrupt the 140bn USD gaming industry, using blockchain technology to allow anyone to build and operate their own game distribution platform or virtual goods trading service.
Ultra was the third successful sale on Tokinex, raising $5m in total and selling out in less than 35 seconds.
Both markets are subject to zero percent maker fees for three months following the listing.
Find out more about Ultra on the Ultra Tokinex page
Ultra (UOS) is now available to trade on Bitfinex against BTC and USD.
In celebration of Ultra’s successful token sale on Tokinex, all traders benefit from 0% maker fees on UOS trades until October 17th - three months following today’s listing.
Start trading UOS here.
To learn more about Ultra and the UOS token, please visit the Ultra Tokinex page.
As of Sunday July 14th, a proportion of revenues from margin funding activities on Bitfinex have been allocated to UNUS SED LEO token redemptions. A minimum of 27% of all revenues from margin funding activities will be used to purchase UNUS SED LEO from the open market.
To mark the launch of the funding fee redemptions, we successfully concluded the buyback of 27% of funding fees accrued throughout the previous 40 days on Sunday evening, 18.00 UTC.
Over the past two months we’ve added numerous fee benefits to UNUS SED LEO token holders, including an array of taker fee reductions. To view your account-specific fee discounts, visit bitfinex.com/fees. 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.
For more information, please refer to today’s complete announcement: “Revenues From Margin Funding Dedicated To UNUS SED LEO Redemptions”.
Following the successful Ampleforth token sale on Tokinex, we have made 20,000 AMPL tokens up for grabs in an AMPL trading competition.
Competition Start: Wednesday 10th July 12pm UTCCompetition End: Wednesday 31st July 12 PM UTC To participate, traders must hold at average of 50 AMPL tokens in their Bitfinex or Ethfinex exchange wallet for the duration of the competition. Traders will then be ranked in order of trading volume, with the top 100 eligible for the following prizes:
For full competition rules, please see our announcement Here
On May 21st we unveiled Tokinex, our native IEO platform allowing verified users to take part in carefully curated token sales from exceptional cryptocurrency projects.
In line with our commitment to UNUS SED LEO holders of dedicating 27% of revenues to the continuous redemption of outstanding LEO tokens, we are pleased to announce the dedication of 27% of past and future Tokinex revenues to the purchasing of LEO tokens.
Over the course of the previous 15 days we have purchased outstanding LEO for 27% of the revenues generated by the first Tokinex IEO, Ampleforth. These LEO will be added and burned, as showcased via Leo.bitfinex.com, in the following hours.
For more information on the use of revenues for LEO redemptions, please refer to the UNUS SED LEO whitepaper.