BitfinexwillbeperformingasystemupgradeonThursday,August1stdesignedtoenhancethestabilityandscalabilityoftheiFinexmatchingengine.
Theupgradeissettocommenceat9.30AMUTCandserviceswillbeofflinefor2–3hours.Pleasenotethatthisisaroughestimateandtheprecisetimemaychangeslightlybasedonmarketmovements.
TheplatformupgradewillrequiretakingalliFinextradingplatformsofflineforthedurationofthemaintenanceperiod.ThismeansthattradersacrossbothBitfinexandEthfinexwillbeunabletotrade,vieworaccesstheirwalletsduringtheupdate.
Wekindlyaskallourtraderstoplanaheadaccordinglyandmakethenecessaryaccountadjustmentspriortothestartoftheplatformupgrade.
Whatthismeansfortraders:
TradersacrossBitfinexwillnotberequiredtotakeanyactions:
Allfundswillremainsafeandunaffectedthroughouttheplatformupgrade,andwillnotbeatriskatanypoint.Noorderswillbeexecutedduringdowntime.Allopenorderswillbekept(regardlessofpricemovements)andresumeoncetheplatformisbackonline.Userswillnotbeliquidatedduringdowntime.However,tradersshouldbeawarethatifthepricemovessignificantlyduringthistime,theyareatriskofliquidationasandwhentheplatformisreopened.Inlinewiththis,wekindlyaskalltraderstoreviewtheirmarginrequirementsandassesstheriskofmarketmovementontheiropenmarginpositionsbeforeenteringthemaintenancewindow.Formoreinformationonthedayoftheupgrade,pleaserefertotheBitfinexstatuspageandTwitteraccountforofficialprogress.Wewillletourusersknow5minutesbeforetheplatformre-opens.Tradingwillstart10minutesaftertheplatformisaccessibleagain.
Weappreciateyourpatienceduringthesystemupgradeandwelookforwardtopresentingyouwithanimprovedtradingexperience.
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