We’re pleased to announce that Bitfinex will support the Shardeum project’s upcoming Shardeum (SHM) token redenomination, which the Shardeum project announced is expected to take place on 30 October 2025.

Deposits and withdrawals of SHM are expected to be temporarily paused on 27 October 2025 at 4:30 AM UTC. Bitfinex customers must not send any SHM deposits to our platform during the pause. Trading will be temporarily paused on 27 October 2025 at 4:00 PM UTC. As all open orders will be cancelled at that time, customers are reminded to close their SHM orders before this date.

Bitfinex intends to redenominate the SHM balances at a 1:240 ratio. This redenomination ratio was specified by the Sharedeum project. For every one SHM token held in their Bitfinex account at the time of the redenomination, Bitfinex customers are expected to receive 240 SHM tokens following the redenomination. The Shardeum project has set the token redenomination time at block height 2,639,030, which is expected to be on 30 October 2025 at 04:30 AM UTC. Our customers do not need to take further action except that, if you do not wish to have your SHM tokens redenominated by Bitfinex, you must withdraw your old SHM tokens prior to the start of Bitfinex’s pause on withdrawals. 

After the token redenomination is complete, the token symbol and the deposit addresses will remain the same.

Bitfinex intends to provide updates regarding whether and when we will resume SHM deposits, withdrawals and trading in a subsequent announcement. Please refer to our further social media announcements on the resumption time of these services.

For more information on the Shardeum project’s planned redenomination, please see updates from Shardeum here: https://shardeum.org/blog/evm-rollout-india-onchain-adoption/. 

 

Important Note:

This announcement is not an offer to sell or a solicitation of an offer to buy Shardeum (SHM) or any other cryptocurrency. Any purchase or sale of any cryptocurrency on Bitfinex will occur solely pursuant to the Terms of Use for Bitfinex at https://www.bitfinex.com/legal/exchange/terms .

 

Forward-Looking Statements:

Certain statements in this announcement may be forward-looking in nature. The words “believe,” “expect,” “estimate,” “could,” “should,” “intend,” “will”, “may,” “plan,” “seek,” “anticipate,” “project” and similar expressions among others, generally identify “forward-looking statements,” which speak only as of the date the statements were made. The matters discussed in these forward-looking statements are subject to a number of risks, trends and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements. None of Bitfinex nor any other person is responsible for updating or revising any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.