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Crypto Trading Bitfinex announces closing next Wednesday

2019-06-24 08:36 am | Resource: News Section | No Views : 90

Crypto Trading Bitfinex announces closing next Wednesday Crypto Trading Decentralization Bitfinex announced, shut down work next Wednesday, June 26, with a view to maintenance, implementation of the system upgrade process as well.
The company said in a statement published on the medium post, last Thursday, June 20, explaining that the work will be suspended for approximately 7 hours on June 26.
The downtime is similar to that announced by the main cryptocurrency exchange, Binance, before the system was upgraded in May of this year. As Tradingpeek said at the time, the bourse warned its users that deposits, withdrawals and trading would not be possible for six to eight hours.
Crypto trading Bitfinex said that the upgrade was intended to "enhance the stability and scalability of the iFinex matching engine". During the upgrade, the platform user will not be able to trade, view or access their portfolios on the exchange.
However, Bitfinex promises that traders are not required to take any action because their money will be secure, no orders will be executed during the downtime, and users will not be filtered during the upgrade.
Finally, the company noted that, - if market movements are very volatile - the update will be delayed, at a date not specified in the recently published statement.
It is worth mentioning that earlier this month, Bitfinex announced the burning initiative of its LEO tools. The parent company of iFinex will use some of its total revenue to purchase the symbols at the market price as part of the UNUS SED LEO burning mechanism.
The digital currency markets continue to maintain their recent recovery since the beginning of April this year, of course in conjunction with the rise in electronic currency market prices, having suffered a large period of collapse, led to the loss of the market billions of dollars, for a longer period Of the year.
It is noteworthy that the crypto trading Bitfinex, was hacked in 2016, and last Friday, two brothers were suspected of Israel, on the charge of penetration, and is still with them, after the transfer of funds from a digital wallet to another.

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