Bitfinex resolves platform outage after briefly halting trading

Exchanges • March 30, 2024, 4:32AM EDT

Published 1 minute earlier on

Quick Take

Bitfinex resolved a platform outage that temporarily halted trading.
The issue was officially resolved at 3:48 am UTC.

Late last night, the crypto exchange Bitfinex resolved a platform outage that temporarily halted trading.

"We are investigating issues with platform reduced performances and have temporarily halted trading," the exchange's official X account posted.

Approximately two hours later, Bitfinex noted that it had identified the issue and began implementing a fix.

Less than ten minutes after that, the exchange announced that it was nearing a successful completion and would return in view-only mode with the option to cancel orders five minutes before re-opening trading.

The issue was officially resolved at 3:48 am UTC.

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Adam is the managing editor for Europe, the Middle East and Africa. He is based in central Europe and was a managing editor and podcast host at the crypto exchange OKX's former research arm, OKX Insights. Before that, he co-founded BeInCrypto.com, which he elevated into one of the leading crypto media brands at its peak as the editor-in-chief. Earlier, he served as the editor-in-chief at Bitcoinist.com. Before joining the blockchain and crypto industry, he worked for Looper.com, Grunge.com and SVG.com. He tweets via @XBT002 and can be emailed at [email protected].