Announcements

Trading open for RenrenBit July 29, 2019

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.

What is RenrenBit?

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.

For further details on RenrenBit, visit their website here. For additional information, refer to the Renrenbit whitepaper, Twitter or Telegram.

Getting Started

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.

Bitfinex continues to monitor its platform and refuse service to U.S. persons July 26, 2019

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 enabled for Ultra (UOS) on Bitfinex and Ethfinex July 17, 2019

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

Trading Enabled For Ultra (UOS) July 17, 2019

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.

Stay up to date with Bitfinex on Twitter, LinkedIn and Telegram.

Revenues From Margin Funding Dedicated To LEO Redemptions July 15, 2019

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”.

AMPL Trading Competition Now Open July 10, 2019

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 UTC

Competition 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:

  1. Position 1-5: 800 AMPL;
  2. Position 6-10: 400 AMPL;
  3. Position 11-20: 300 AMPL;
  4. Position 21-50: 200 AMPL;
  5. Position 51-100: 100 AMPL.

For full competition rules, please see our announcement Here

Revenues From Tokinex Dedicated To LEO Redemptions July 08, 2019

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.

Tokinex has, to date, seen the highly-successful completion of the Ampleforth IEO, which is to be followed by the excellent Ultra.io Token Sale taking place on July 16th, 2019.

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.

Bitfinex Repays $100M of Outstanding Loan Facility to Tether July 02, 2019

Bitfinex is pleased to announce that on July 1, 2019, 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 amount was not yet due to be paid to Tether under the facility, but Bitfinex has made the prepayment based upon its financial position at the end of the second quarter of 2019.

Also on July 1st, Bitfinex fully prepaid all interest accrued under the loan facility to Tether up to the end of day on June 30, 2019, also in fiat.

Reminder: Downtime Scheduled For 8.45 AM UTC June 26, 2019

Approximately one hour from now, at approximately 8:45 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:

  • 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.

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

Reminder: Downtime Scheduled For June 26th, 8.30 AM UTC June 25, 2019

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:

  • 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.
  • We look forward to providing all our users with an increasingly high-quality trading experience.

    The Bitfinex team