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IMPORTANT : Planned Bitfinex Outage

We work closely with the best Crypto Liquidity partners in the market, and they have notified us of a very exciting upgrade coming on the 26th of June 2019.

At market open 26th June 00:00 Server Time Time (5pm EST)* for a period of 7 hours (+ or -) trading cryptos will be temporarily suspended. The June 26th update is designed specifically for us to be able to deliver a more sophisticated trading experience, further separating Bitfinex from the remainder of the digital asset trading space.

Once this migration is finalised iFinex (Bitfinex’s parent company) will have its own dedicated servers which are best suited for High Volume Trading.

During these 7 hours (+ or -) you will not be able to Open or Close any crypto positions this will include Take Profits and Stop Losses as they will not be respected during this scheduled outage.

No orders will be executed during the 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.

Bitfinex have not stated a start time or finish time so we are disabling Crypto trading from market open Wednesday morning and we will be monitoring bitfinex’s public channels and we they come back online we will resume trading once we see the order books stabilize.

Note: As this is a planned outage and not a technical error, we will not be in a position to compensate for any losses during this time.

What does this Bitfinex Migration mean for me and my trades:

  • No Crypto Trades can be opened or closed during this time
  • No Take Profits or Stop losses will be respected during this time
  • No Limit or Stop orders will be respected during this time
  • No compensation for individuals who have not taken action to avoid losses

It is highly recommended to plan your trading in advance of this outage.

For more information and real-time status please see the following links:

https://medium.com/bitfinex/bitfinex-to-complete-platform-upgrade-on-june-26-7ebfbc97ee0b

https://bitfinex.statuspage.io/

*Timing of this event is at the discretion of Bitfinex and its owners