Scheduled Platform Downtime — June 10th_THE:Safe Trade Coin

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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