Bittrex to Move BTC Assets Among Cold Wallets

Bittrex team tries to assure users that everything's okay
11 January 2019   282

The American cryptocurrency exchange Bittrex announced that the platform is in the process of reorganizing the system of cold storage of crypto assets, as a result of which the assets are moved among the wallets.

Update: We are in the process of reorganizing and expanding our cold storage, resulting in moving funds between our cold wallets. There is no need to be worried.

Bittrex Twitter

Additionally, trading floor reported that Pabled Paxos (PAX) can be traded on Bittrex against fiat currencies.

Also, Bittrex noted that from January 17, it will be possible to buy and sell Digibyte (DGB) coins for fiat money.

Bittrex to Suspend Trading on 27.02

As reported, update is designed to speed up the order processing by 20 times and prepare platform for the new fuctions implementation
26 February 2019   283

On Wednesday, February 27, at 21:00 UTC, Bittrex cryptocurrency exchange plans to update the trading engine, for which it will temporarily disable access to wallets and suspend trading.

Deposit and withdrawal of funds will be unavailable within 24 hours, and trading will be suspended for up to three hours, starting at approximately 22:00 UTC.

The exchange also asks customers to take measures to complete or cancel partially executed orders, since they will be canceled during the update.

Also for an indefinite period, conditional orders and the automatic sale function will be disabled.

At the same time, and will remain available, customers will still be able to log in and check their balance sheets.

According to Bittrex, the planned update will speed up the processing of orders by 20 times and prepare the platform for the introduction of a number of additional functions during 2019:

  • Maker-Taker and other features for liquidity providers and high-volume traders
  • New ways to add fiat to your accounts¬†
  • Account management improvements (access to full transaction history, account statements, and more)
  • New order types and options, including Market Orders
  • More Flexible Conditional Orders which will eliminate the need for reserve funds when making conditional orders, allowing traders more flexibility without tying up money in conditional trades. (NOTE: Conditional Orders will be disabled until this updated functionality goes live)
  • And more

Additional information about the progress of the update will appear in real time on the official exchange page on Twitter.

Bittrex will also support updates to Constantinople and St. Petersburg. Petersburg in the Ethereum network.