FTX cryptocurrency exchange a new version 21 Novemberand will include an advanced compliance infrastructure aimed at addressing users’ complaints about the current exchange’s performance.
Cryptocurrency Exchange FTX Launches Its 2nd Version In November
Sam Bankman-Fried, CEO of FTX “We will introduce a brand new order matcher, lower latency API routes and a host of other features,” he tweeted today.
3) We’ll be rolling out a whole new order matcher, lower latency API pathways, and a whole slew of other features.
These have been in the works for most of the year.
They’re almost ready to release.
— SBF (@SBF_FTX) October 10, 2022
Crypto exchanges, like other asset trading, use matching tools to match buy and sell orders. These tools allow crypto tokens and bitcoin It is an element that facilitates trading.
FTX’s matching tools have been the subject of user complaints for a long time. These complaints were related to the high latency and low efficiency of the platform’s peering infrastructure.
Latency in context refers to how quickly the matching engine can match users’ buy and sell orders.
Higher latency means slower processing, which can be detrimental to users. Because profitable trading positions can be lost due to high latency.
According to Bankman-Fried, these improvements will double FTX’s order throughput while reducing latency by 50%. He stated that these updates have been in the works for most of the year and are almost ready to be released on the platform.
FTX experienced an outage last month, which Bankman-Fried described as problems with its web interface.
The glitch blocked users from accessing the crypto exchange’s website right after the September US consumer price index report was released.
*Not investment advice.
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