Bitfinex and Ethfinex to Complete Data Migration to Dedicated Bare-Metal Servers on January 7th 2019

Bitfinex and Ethfinex to Complete Data Migration to Dedicated Bare-Metal Servers on January 7th 2019

Bitfinex and Ethfinex which are ranked  13th and 97th respectively on coin market cap has announced last stage of their imminent  migration. This migration will take Bitfinex and Ethfinex offline for up to seven hours.

This synergistic migration have been on since last year and it coming to a close now as they encourage all customers on both exchange to be patient during this last phase. Reading from their medium page

On Monday 7th January 2019 (time to be confirmed), Bitfinex and Ethfinex will be offline for a duration between three to seven hours as iFinex completes the final stage of its data migration to dedicated bare-metal servers.

Aided by Market Synergy (announced earlier this year), iFinex is switching from AWS cloud to a self-designed infrastructure hosted in a Swiss data centre in the heart of Crypto Valley. iFinex will have its own dedicated servers and has selected premium hardware that is the best suited to high volume trading.

The last stage in this process necessitates taking iFinex trading platforms offline, meaning that Bitfinex and Ethfinex account holders will be unable to trade or access their wallets during the transition.

This imminent migration will bring about advanced security on the new platform, also increase in speed on the platform 2x faster than the former.

 

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