Bitfinex will be offline for seven hours before preparing to launch derivative instruments.



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Bitfinex, a popular Bitcoins exchange, has announced a technical work that can take up to seven hours and will aim to improve the user interaction experience with the platform in the negotiation process. Among other things, this means creating the basis for the launch of derivative instruments.

Maintenance is scheduled for next Wednesday, June 26, but this date may be postponed to a later date if market volatility increases.

As indicated in the Bitfinex message, during future work, users will not be able to enter transactions, but open positions will remain and resume immediately after the platform launches. In this regard, the stock exchange draws attention to the need to take into account possible market fluctuations and their impact on margin positions.

The update also aims to improve the stability and scalability of the correspondence mechanism on all iFinex exchange operator platforms, and therefore will also affect the Ethfinex platform – it will be offline with Bitfinex for the time indicated.

Remember that in May Bitfinex became one of the users of Liquid Sidechain of Blockstream. The technology is aimed at the Bitcoin trading service, processing services and traders and allows reducing the time required to perform large transaction volumes between different accounts.

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