Announcements

Important notice for token listing vote and EVT market June 25, 2018

On Tuesday 26 June, the third community listing vote will close at UTC 16.45. Please ensure that you have cast your votes on https://nectar.community/#/listings before that time to help decide which new tokens should be added to the platform. All unused voting tokens will disappear when voting closes. If you are holding your EVT on Ethfinex there is always a possibility of experiencing withdrawal delays, so please leave plenty of time to withdraw your tokens and vote before the end of the period.

Also, note that the market on Ethfinex for EVT will close at UTC 13.45, exactly three hours prior to the close of the community token vote. Please take this into account and adjust your EVT trading strategy accordingly.

By continuing onto the site you acknowledge that you have read and understood the closing times listed above in relation to both the EVT market and community vote.

ETH Contributions and NEC Issuance June 14, 2018

Yesterday we completed the latest deposit of 1037.6 ETH to the Nectar token contract, pledged to holders of NEC. You can find details on the deposit here.

Approximately 1,023,275 NEC tokens were issued to reward market makers active on Ethfinex in the past month. Statistics can now be viewed on Nectar.community.

Important notice for token listing vote and EVT market June 11, 2018

On Tuesday 12th June, the second community listing vote will close at UTC 16.30. Please ensure that you have cast your votes before that time. All unused voting tokens will disappear when voting closes. If you are holding your EVT on Ethfinex there is always a possibility of experiencing withdrawal delays, so please leave plenty of time to withdraw your tokens and vote before the end of the period.

Also, note that the market on Ethfinex for EVT will close at UTC 13.30, exactly three hours prior to the close of the community token vote. Please take this into account and adjust your EVT trading strategy accordingly.

By continuing onto the site you acknowledge that you have read and understood the closing times listed above in relation to both the EVT market and community vote.

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New Tokens Added May 31, 2018

Over the past two weeks, the Nectar community had the opportunity to select which tokens would be the next to be listed on the Ethfinex exchange. Today, we have listed the four tokens with the most votes from our users. Those four tokens are Lympo, BLOCKv, Dadi and UTRUST. Deposits for these tokens are now enabled and trading will go live at 17.00 CET.

Moving forward, you will all have the opportunity to vote on the next batch of tokens to be listed to the exchange every two weeks; this reflects our first steps towards democratising the governance of the Ethfinex platform. Anyone holding Ethfinex Nectar tokens (NEC) receives voting tokens at the start of each vote in direct proportion to the number of NEC they hold. These can be used to vote or traded on the EVT/USD market.

Trading for the next batch of tokens is now live. Please visit Nectar.community to view the ongoing vote.

Voting Tokens (EVTs) Reissued for Second Community Vote May 29, 2018

We are very excited to announce that the first community list vote is now closed. On Thursday (May 31st), Lympo (LYM), Utrust (UTK), BlockV (VEE) and Dadi (DADI) will be added to the exchange.

As such, all unspent Ethfinex Voting Tokens (EVT) from the first round have expired and balances have disappeared.

The second community listing vote, comprising of 12 tokens has now started at https://nectar.community. EVTs will be issued to all NEC holders today, which can be used to vote in the community listing vote or traded on the Ethfinex exchange. Please take note: at the end of the two week period, this new batch of EVTs will also expire and unspent balances will disappear. Trading of EVTs will also stop 2 hours before the voting period ends, to avoid withdrawal delays preventing anyone from voting.

Also, take note that we've launched our referral program and you can begin to earn 24% of trading fees from every that signs up using your unique URL. You can find more info about the referral program on our blog and in our ,FAQ, or head over or to our referral program to get started.

Ethfinex End of First Quarter May 14, 2018

As we finish our first full quarter of operations, Ethfinex today announces:

  • the start of our referral program
  • the third distribution of NEC rewards to market makers on Ethfinex
  • the launch of our new community led token listing process, allowing users of the exchange who hold NEC to receive voting tokens every two weeks to decide which new tokens can be traded. The first vote will begin on the 15th May on the nectar.community site.

We are excited to have reached this first stage in Ethfinex's development, and to now be ready to welcome new users to our community. Sign up as an affiliate from your account section to help spread the word about Ethfinex, and start earning 24% on fees of new members you invite.

Ethfinex has just completed the third Nectar token distribution to traders, with a total of 1,731,965 NEC credited to reward traders during the last 30-day period. If you have already verified your account and registered for the scheme, you will now be able to see new NEC credited to your Ethfinex account.

50% of revenues from this period (14th April - 14th May) were pledged to Nectar token holders, totalling 1,750.1 ETH. The transactions pledging these to the token holders, and forwarding the Ether to a vault contract, can be observed on Etherscan (here and here).

A full report on Ethfinex’s performance over Month 3 will be released over the coming days.

Find out how you can start being rewarded for trading by visiting our our blog or going to your account section and registering for the scheme.

Fee Schedule Adjustment April 19, 2018

Today the fee schedule on Ethfinex was adjusted. This followed a careful review of the current exchange ecosystem, and ensures the platform remains competetive to attract both large and small traders.

The new fees schedule is as follows:

EXECUTED IN THE LAST 30 DAYS (USD EQUIVALENT) MAKER FEES TAKER FEES
$0.00 or more traded 0.100% minus loyalty fee rebate (variable) 0.200%  
$50,000.00 or more traded 0.100% minus loyalty fee rebate (variable) 0.190%  
$1,000,000.00 or more traded 0.100% minus loyalty fee rebate (variable) 0.170%  
$5,000,000.00 or more traded 0.100% minus loyalty fee rebate (variable) 0.160%  
$10,000,000.00 or more traded 0.100% minus loyalty fee rebate (variable) 0.140%  
$20,000,000.00 or more traded 0.075% minus loyalty fee rebate (variable) 0.120%  
$30,000,000.00 or more traded 0.050% minus loyalty fee rebate (variable) 0.100%

 

Maker fees are paid when you add liquidity to our order book by placing a limit order under the ticker price for a buy and above the ticker price for a sell.

Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order of the order book.

Note: If you place a hidden order, you will always pay the taker fee. If you place a limit order that hits a hidden order, you will always pay the maker fee.

Loyalty Fee Rebates

Ethfinex has a Maker Loyalty Program. You can earn Nectar Tokens (NEC) in proportion to the trades you place as a Maker every 30 days. 50% of fees on Ethfinex are assigned to a pool on the Ethereum blockchain for holders of NEC, and therefore by trading as a Maker you earn a stake in the success of Ethfinex. Find out more in our Knowledge Base or go to your account page to join.

 

Second Nectar Token Distribution April 14, 2018

Ethfinex has just completed the second Nectar token distribution to traders, with a total of 2,567,357 NEC credited to reward traders during the last 30-day period. If you have already verified your account and registered for the scheme, you will now be able to see new NEC credited to your Ethfinex account.

50% of revenues from this period (16th March - 14th April) were pledged to Nectar token holders, totalling 2,580.9 ETH. The transactions pledging these to the token holders, and forwarding the Ether to a vault contract, can be observed on Etherscan (here and here).

A full report on Ethfinex’s performance over Month 2 will be released over the coming days, as well as an update on governance for Nectar token holders and the first proposals to vote on.

Find out how you can start being rewarded for trading by visiting our our blog or going to your account section and registering for the scheme.


Unverified Users with the Nectar Loyalty Program

Unfortunately unverified users or those who have not accepted the terms of the Loyalty Program are not able to be credited Nectar tokens, even if they have been trading on Ethfinex.

However we recognise that at this time our verification process is extremely backlogged, often taking weeks or longer. Therefore all market makers using Ethfinex will be able to be credited Nectar tokens retrospectively on being successfully verified. All customers who were verified during the past 30 days have now also been credited their Nectar from the previous month.

Learn more about Nectar

Lowered Equity Minimum and New Token Listing April 07, 2018

We are very pleased to announce that the equity amount for new traders has been lowered from 10,000 to 1,000 USD equivalent. 12 new tokens are also now available on Ethfinex.

The initial equity requirement was a temporary measure to limit the number of new users while we scaled the platform and the support team, and so it marks a major milestone to be reducing it. Our support team is now prepared and ready to welcome many more members of the ethereum community, and to provide a fantastic customer experience to a much larger user base. Upon depositing the smaller minimum, traders will now have full access to the Ethfinex platform.

At 4pm UTC today we will list 12 new on our trading platform. The tokens to be listed are:

  • Aion (AION)
  • IOSToken (IOST)
  • Request Network (REQ)
  • Raiden Network (RDN)
  • Loopring (LRC)
  • BnkToTheFuture Token (BFT)
  • Cofound.it (CFI)
  • WAX (WAX)
  • SingularityNET (AGI)
  • MedicalChain (MTN)
  • ODEM (ODEM)
  • DAI (DAI)

Deposits have opened for all of the tokens mentioned.

Listing a larger range of trading pairs in the lead up to the launch and integration of the Ethfinex non-custodial trading portal (where deposits and withdrawals will no longer be required to trade as users always have control of their funds) allows us to build up liquidity in advance.

Read more about each of the tokens in the full announcement to find out why each of these tokens was selected and why we think they represents a great fit for Ethfinex and the decentralised community as a whole.

First Nectar Token Distribution March 15, 2018

Ethfinex has just completed the first Nectar token distribution to traders, with a total of 2,626,948 NEC credited to reward traders during the last 30-day period. If you have already verified your account and registered for the scheme, you will now be able to see new NEC credited to your Ethfinex account.

50% of revenues from this period (13th February - 15th March) were pledged to Nectar token holders, totalling 1,976.58 ETH. The transactions pledging these to the token holders, and forwarding the Ether to a vault contract, can be observed on Etherscan (here and here).

A full report on Ethfinex’s performance over Month 1 will be released over the coming days, as well as the launch of a new set of tools for Nectar token holders to create and vote on proposals about Ethfinex’s future, as the start of decentralising the platform’s governance.

Find out how you can start being rewarded for trading by visiting our our blog or going to your account section and registering for the scheme.


NEC Deposits and Withdrawals Open

NEC deposits and withdrawals are now open, allowing you to withdraw tokens and whitelisting your Ethereum address. Please be aware that once withdrawn from Ethfinex, Nectar token can only be transferred to other whitelisted addresses or back to Ethfinex.


Unverified Users with the Nectar Loyalty Program

Unfortunately unverified users or those who have not accepted the terms of the Loyalty Program are not able to be credited Nectar tokens, even if they have been trading on Ethfinex.

However we recognise that at this time our verification process is extremely backlogged, often taking weeks or longer. Therefore all market makers using Ethfinex after the 13th February will be able to earn Nectar tokens, although they will not be credited them into their account until they have been successfully verified.

On successful completion of verification and agreement to terms any accrued NEC for previous periods will be credited to the user’s account.

We are currently working on a streamlined verification process, and once this is in place, customers who have not already done so will be required to apply for verification within 30 days, failing which they will lose earned tokens.

Learn more about Nectar