Hassan Maishera
Sam Bankman-Fried, the CEO and founder of FTX, announced via Twitter on October 10th that the cryptocurrency exchange would roll out efficiency updates over the next few weeks.
He stated that FTX is expected to roll out various improvements to its matching engine. Bankman-Fried said;
“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.”
According to Bankman-Fried, FTX will release a new order matcher, lower latency API, and a whole slew of other features. He revealed that the cryptocurrency exchange has been working on these features for almost a year now. He added that the platform is expected to double the order throughput and half the order of latency.
By doubling the order of throughput, FTX intends to reduce the processing time of trade orders.
Furthermore, halving the order of latency will reduce the time delays between when an order is placed and when the transaction is executed. The move is designed to increase transaction speed on the platform and boost the chances of placing an order at the displayed price before it changes. This is a huge advantage for the traders on the platform.
Sam Bankman-Fried revealed that the exchange intends to roll out some of these features over the next few weeks, with major updates coming out on Nov, 21. The CEO urged API traders to keep in touch over the next month, as FTX intends to preview some of its new features to be implemented.
FTX reviews within and outside the United States have been positive, and this could attract many stock traders to the cryptocurrency trading platform. Also, the low FTX fees also mean that the cryptocurrency exchange is growing far more quickly than any other reputable crypto trading platform.
