Bitfinex Exchange Back Online After ‘Issues’ Cause 2-Hour Outage

The platform underwent maintenance after trading was halted.

AccessTimeIconApr 19, 2022 at 2:50 p.m. UTC
Updated May 11, 2023 at 6:22 p.m. UTC

Cryptocurrency exchange Bitfinex reported it had to “temporarily halt trading” on Tuesday, following an issue with the platform.

  • “We are investigating issues with the platform and have to temporarily halt trading,” Bitfinex wrote in a tweet. “We apologise for the inconvenience.”
  • The exchange was down for about two hours starting around 11:00 UTC. It was back online shortly after 13:00 UTC.
  • ​​“A minor glitch occurred during an internal server update,” a Bitfinex spokesperson told CoinDesk in an email. “As a precautionary measure, and given that current market conditions are not volatile, we paused trading to investigate further. Trading has now resumed.”
  • During the time Bitfinex was offline, the price of bitcoin (BTC) fluctuated from as high as $41,030.21 to a low of $40,665.31 on rival exchange Coinbase, according to data compiled by TradingView.

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Helene Braun

Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.