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

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 U.S. markets reporter at CoinDesk, covering the US economy, the Fed, and bitcoin. She is a recent graduate of New York University's business and economic reporting program.

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