Cryptocurrency exchange Bitfinex this Thursday announced a planned update on June 26th that will also affect its sister platform Ethfinex. On this day, both exchanges will suspend user service for up to 7 hours.
Bitfinex will conduct long-term maintenance in preparation for the launch of derivatives
The company explains the need for the update with the desire to improve the experience of user interaction with the platform in the trading process. Among other things, this means creating the basis for launching derivatives on Bitfinex.
The exchange notes that June 26 is only an indicative date. It can be rescheduled if the market volatility increases. During the upgrade, users will not be able to close deals. The company also draws attention to the need to take into account possible market fluctuations and their impact on active margin positions..
In addition, today Bitfinex announced the launch of the third round of a fee reduction campaign for holders of its issued LEO tokens. During this round, a special procedure for calculating commissions is introduced for large traders whose account balance exceeds the equivalent of 1 million USDT.
Bitfinex CTO Paolo Ardoino confirmed this week that the exchange intends to use LEO tokens in its initial exchange offerings (IEO) in the future on its new Tokinex platform..
The previously popular tracking service CoinMarketCap added information on the current LEO emission volume, which also allowed us to calculate its capitalization. IN present time the value is about $ 1.9 billion, thanks to which LEO takes the thirteenth line in the list of the largest crypto-assets according to the portal.
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