Bitfinex Exchange Scheduled offline for System Repair

[Yoshinoya]

the exchange will be offline for up to seven hours to upgrade the system on June 26, 2019. The post further determines that Bitfinex's hybrid partner Ethfinex will also be closed for maintenance at the same time.

Downtime is similar to what was announced by the Binance Exchange Exchange before a system upgrade scheduled for last May. The exchange also warned users that deposits, withdrawals and trade will be closed for six hours to eight hours.

Bitfinex stated that the upgrade was intended "to improve the stability and scalability of the iFinex matching engine." During upgrades, platform users cannot trade, view or access their wallets on the exchange.

Bitfinex promises that traders are not required to take any action because their funds will be safe during the upgrade process, no orders or orders will run during this downtime, and users will not be liquidated during the upgrade.

[arjuna BTC]

i think, nothing strange if an exchange upgrade their system
because now crypto industry is become very popular because of libra, and of course a lot of new users will coming mate

[Yoshinoya]

i think, nothing strange if an exchange upgrade their system
because now crypto industry is become very popular because of libra, and of course a lot of new users will coming mate

The company said that - if market movements are too volatile - system upgrades will be delayed.

[Yoshinoya]

Previously, Bitfinex announced the initiative to burn its LEO tokens. The holding company iFinex will use a portion of its gross revenue to buy tokens at market prices as part of the UNUS SED LEO burning mechanism