Bittrex to suspend operations for update on Wednesday

Posted 26 February, 2019

Bittrex crypto exchange scheduled to carry out maintenance and update the trading engine, so users will be temporarily unable to access their wallets or trade.

According to the company notice, the update process will be started on Wednesday, February 27, at 21:00 UTC. Thus, the platform will suspend fund deposits and withdrawals for 24 hours, while the trading process will be suspended by up to three hours, starting from 22:00 UTC.

"To implement this planned technology update, we’ll need to temporarily take markets offline and disable wallets. We are making this upgrade to continuously meet the growing demand and interest from current and new digital asset customers around the world," commented the company in the announcement.

The exchange also asks its clients to complete or cancel partially executed orders, since they will be cancelled during the update.

Conditional orders and the automatic sale function will be disabled for some period of time as well.

In the meantime, Bittrex(dot)com and International(dot)Bittrex(dot)com will remain operational, and customers will still be able to log in and check their balances.

According to Bittrex, the planned update will speed up the processing of orders 20-fold and gear up the platform for a number of additional functions to be introduced within 2019. Among them are Maker-Taker and other functions for liquidity providers and large traders, new ways to add fiats, improvements in account management (access to the full transaction history, account statements), new types of orders and options, including market orders, and more flexible conditional orders.

Customers will be updated on the overhaul in real time on the official page of the exchange on Twitter. More information can be found in the company blog on its official website.

Notably, Bittrex will support Constantinople and St. Petersburg updates in the Ethereum network.

Previous story

26 February, 2019 17:26

← Julius Baer bank targets services expansion via partnership with crypto project

A private bank from Switzerland Julius Baer has reportedly entered into a partnership with a cryptocurrency banking company in order to offer its customers crypto-related services in 2019. According to the company press release, the bank has signed an agreement with SEBA Crypto AG, which enabled it to provide a number of new cryptocurrency services to the industry participants seeing stronger customer demand. The new services will include custodian, investment and transaction solutions.

Julius Baer bank targets services expansion via partnership with crypto project

Next story

26 February, 2019 16:37

Chance of Brexit delay drives pound sterling up →

The sterling posts an upturn on Tuesday, while investors remain focused on the Brexit progress. The sterling-to-US dollar exchange rate soared to some $1.3184 exceeding the end-January peak. The US Dollar index decreased to some 96.213. The UK Prime Minister Theresa May intends to make a proposal to the UK government in which she wants to rule out a no-deal Brexit option.

Chance of Brexit delay drives pound sterling up
Write a comment
 
Prove you’re not a bot + 5 = 14