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Home»BITCOIN NEWS»Scheduled Maintenance: Platform Downtime on May 5, 2024
BITCOIN NEWS

Scheduled Maintenance: Platform Downtime on May 5, 2024

By Crypto FlexsMay 4, 20242 Mins Read
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Scheduled Maintenance: Platform Downtime on May 5, 2024
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May 4th Scheduled Maintenance: Platform Downtime on May 5, 2024

Post time: 09:20h
announcement
by admin

The Bitfinex trading platform will go offline for a limited time on May 5, 2024, while scheduled maintenance upgrades take place to improve the stability and scalability of Bitfinex infrastructure.

Maintenance upgrades begin at approximately 9:30 AM (UTC) and last 2 to 3 hours. All trading on Bitfinex will be suspended during the maintenance period. Traders cannot log into their accounts, view or access their wallets and funds, and cannot execute trades.

Exact maintenance start times are approximate and subject to change.

We recommend that all customers keep in mind the proposed maintenance period and take any necessary steps regarding account reconciliation before commencing a platform upgrade.

During the maintenance period:

  • All funds are safe and unaffected throughout platform upgrades and are not at risk at any point.
  • During this period of downtime, your orders will not be executed. All open orders will remain open regardless of price changes and will become active when the platform comes back online.
  • Customers will not be liquidated during downtime. However, traders should be aware that if the price moves significantly during this period, there is a risk of being liquidated when the platform reopens.
  • Accordingly, we kindly ask all traders to review margin requirements and assess the market volatility risk for open margin positions prior to the start of the maintenance period.

Please see the Bitfinex status page for more information. Twitter account Please refer to the Bitfinex blog for official progress. We’ll have all the information about the upgrade available through these three sources on May 5th.

We will notify customers 5 minutes before the platform reopens. Trading will begin 5 minutes after you have access to the platform again.

We appreciate your patience while we upgrade our system, and we look forward to providing you with an improved trading experience.

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