BitfinexwillbeperformingasystemupgradeonWednesday,June10thdesignedtoenhancethestabilityandscalabilityoftheiFinexinfrastructure.
Theupgradeissettocommenceat8:00AMUTCandserviceswillbeofflinefromonetothreehours.
Pleasenotethatthisisaroughestimateandthepreciseupgradestartingtimemaychangeslightlybasedonmarketmovements.
TheplatformupgradewillrequiretakingalliFinextradingplatformsofflineforthedurationofthemaintenanceperiod.ThismeansthatBitfinextraderswillbeunabletotrade,vieworobtainaccesstotheirwalletsduringtheupdate.
Wekindlyaskallourtraderstoplanaheadaccordinglyandmakethenecessaryaccountadjustmentspriortothestartoftheplatformupgrade.
Whatthismeansfortraders
TradersonBitfinexwillnotberequiredtotakeanyaction:
Allfundswillremainsafeandunaffectedthroughouttheplatformupgrade,andwillnotbeatriskatanypoint.Noorderswillbeexecutedduringdowntime.Allopenorderswillbekept(regardlessofpricemovements)andresumeoncetheplatformisbackonline.Userswillnotbeliquidatedduringdowntime.However,tradersshouldbeawarethatifthepricemovessignificantlyduringthistime,theyareatriskofliquidationasandwhentheplatformisreopened.Inlinewiththis,wekindlyaskalltraderstoreviewtheirmarginrequirementsandassesstheriskofmarketmovementontheiropenmarginpositionsbeforeenteringthemaintenancewindow.Formoreinformationonthedayoftheupgrade,pleaserefertotheBitfinexstatuspageandTwitteraccountforofficialprogress.Wewillletourusersknowfiveminutesbeforetheplatformreopens.Tradingwillstarttenminutesaftertheplatformisaccessibleagain.
Weappreciateyourpatienceduringthesystemupgradeandlookforwardtopresentingyouwithanimprovedtradingexperience.
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