Bitfinex Halts Trading Amid ‘Reduced Performances’

1 July 2021

Cryptocurrency exchange Bitfinex said it halted trading on Thursday, citing issues with “platform reduced performances.”

  • The Hong Kong-based exchange tweeted at 10:17 UTC Thursday (6:17 a.m. ET) that it was temporarily halting trading while it investigated issues on its platform.
  • In a subsequent tweet, Bitfinex said it had identified the cause and was working to restore trading. All funds are safe, it said.
  • Bitfinex suffered a similar problem last August, when reduced performance of the platform was also cited as the reason.

UPDATE (JULY 1 11:44 UTC) Adds Bitfinex identifies cause, says funds are safe.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.