A new pumped-up engine – The founder of FTX, Sam Bankman-Fried (SBF), gives some information about the improvements that have been brought under the hood of its new platform.
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FTX V2: Buy and Sell Orders Processed More Efficiently
Thanksgiving Turkey will come with V2 for FTX users. In a series of tweets from October 10, Sam Bankman-Fried has indeed announced the launch of the new version of its platform. It will be released on November 21.
The crypto exchange will therefore be endowed with“a new order matching engine”d’“low latency API” and other features. Some will be presented in preview next month.
The FTX developer team will have taken almost a year to develop these improvements. They aim to “double the flow of orders”, while halving latency. By doubling this throughput, the cryptocurrency exchange will be able to reduce time necessary to process transactions. The reduction from the time of latency will then reduce:
- The delays between the moment of signing an order and the execution of the transaction;
- them risks of slippage. (Situation during which the execution price of an order is different from the price of placing the order.)
FTX marks this last quarter with major achievements. Indeed, from a technical, marketing and commercial point of view, the crypto platform continues to grow. She even recently announced thatit will soon launch its Visa card in more than 40 countries.
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