BitfinexwillbeperformingasystemupgradeonMonday,September2nddesignedtoenhancethestabilityandscalabilityoftheiFinexinfrastructureandnewtradingproducts.
Theupgradeissettocommenceat8:30AMUTCandserviceswillbeofflineforabouttwoorthreehours.Pleasenotethatthisisaroughestimateandtheprecisetimemaychangeslightlybasedonmarketmovements.
TheplatformupgradewillrequiretakingalliFinextradingplatformsofflineforthedurationofthemaintenanceperiod.ThismeansthattradersacrossbothBitfinexandEthfinexwillbeunabletotrade,vieworobtainaccesstotheirwalletsduringtheupdate.
Wekindlyaskallourtraderstoplanaheadaccordinglyandmakethenecessaryaccountadjustmentspriortothestartoftheplatformupgrade.
WhatthismeansfortradersTradersonBitfinexwillnotberequiredtotakeanyaction:
Allfundswillremainsafeandunaffectedthroughouttheplatformupgrade,andwillnotbeatriskatanypoint.Noorderswillbeexecutedduringdowntime.Allopenorderswillbekept(regardlessofpricemovements)andresumeoncetheplatformisbackonline.Userswillnotbeliquidatedduringdowntime.However,tradersshouldbeawarethatifthepricemovessignificantlyduringthistime,theyareatriskofliquidationasandwhentheplatformisreopened.Inlinewiththis,wekindlyaskalltraderstoreviewtheirmarginrequirementsandassesstheriskofmarketmovementontheiropenmarginpositionsbeforeenteringthemaintenancewindow.Formoreinformationonthedayoftheupgrade,pleaserefertotheBitfinexstatuspageandTwitteraccountforofficialprogress.Wewillletourusersknowfiveminutesbeforetheplatformreopens.Tradingwillstarttenminutesaftertheplatformisaccessibleagain.
Weappreciateyourpatienceduringthesystemupgradeandlookforwardtopresentingyouwithanimprovedtradingexperience.
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