Announcements

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

BTC/XCHF Pair Added To Bitfinex June 24, 2019

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.

For any questions, find us on Telegram, Twitter and via our support centre.

Trading open for Algorand June 21, 2019

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.

What is Algorand?

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.

Getting Started

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.

Bitfinex and Ethfinex to Complete Platform Upgrade on June 26 2019 June 20, 2019

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:

  • All funds will remain safe and unaffected throughout the platform upgrade, and will not be at risk at any point.
  • 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 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.

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.