• Poloniex will go offline for several hours.
  • All funds will be safe, but users will not have access to their assets.

 

The US-based cryptocurrency exchange Poloniex announced that it would go offline for several hours due to maintenance works. The maintenance works will start at 14:00 UTC.

"We'll be conducting maintenance Thursday, June 6 at 14:00 UTC. We expect this to take several hours. During that time, Poloniex will be offline and trading will be suspended. Assets on the exchange will be secure during maintenance," the company announced on Twitter.

The company assured users that their assets would be secure during the downtime. However, traders won't be able to access them until the maintenance is over. 

"We do not plan to cancel open orders. When Poloniex is back online, markets will be in post-only mode for a short time before we reopen trading. During this time, you can cancel open orders and create new orders, but no orders will be filled," the company added.

Poloniex, opened in 2014, takes the 9th place in the cryptocurrency exchanges rating by an average daily trading volume. It is a purely crypto-to-crypto trading platform meaning that fiat currencies are unavailable there. To compensate for that, the venue offers access to a wide range of altcoins including Dogecoin, Dash, Steem Augur to name just a few.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bears take over and draw a bloody moon

Cryptographer and computer scientist Nick Szabo, has presented in his Twitter account a study on the "risk-benefit" ratio of different assets. The study used a Sharpe Ratio over four years Hodl period.

More Bitcoin News

ETH/USD bears flip the bulls, target shifts to $5

Ethereum Classic is facing the ultimate correction following a massive bull-run that had it hit January highs around $12 from December lows at $3.41. The persuasive urge upwards has, however, ended in losses due to a lack of ...

More Ethereum Classic News

Ripple's CEO sees an era of IPO in cryptocurrency industry

Ripple's XRP, the third-largest digital asset with the current market value of $9.4 billion has lost over 5% in recent 24 hours and hit the low of $0.2136 on Friday. XRP/USD is moving within a clear bearish trend amid expanding volatility.

More Ripple News

The Crypto Sector in selloff mode searches a support zone

Most of the cryptocurrency sector accelerated the losses after breaking the neckline of support that was holding their prices. The selling pressure was in almost all digital assets.

More Cryptocurrencies News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Bitcoin bulls and bear fight gets a tougher edge

The cryptocurrency market started the downside correction after a strong rally initiated by risk reversal play at the beginning of January and reinforced by various altcoin pumps...

Read the weekly forecast

BTC

ETH

XRP