New Upgrade Will Make Crypto Trading Faster Than Before – Bitstamp
Cinnober has signed to help Luxembourg-based Bitstamp, a crypto exchange with many millions of trades and years to its record. Bitstamp’s matching system will increase 1,250x reportedly and its overall throughput will increase by 400x, according to the exchange.
Bit-stamp will be replacing its technology with TRADExpress, a software stack developed by Cinnober.
According to Bitstamp
“This is a crucial step on our mission to bridge the gap between crypto and traditional finance and will push the technological frontier in crypto trading a step further. We chose Cinnober because of their proven track-record in worldwide financial marketplaces, their understanding of our vision and ability to work closely with us to customize the technology to meet our needs.”
“Bit-stamp” did a 24-hour trading volume of more than $50 million as at the time of the report. This has made it the 33rd most-used exchange in the cryptocurrency trading sector.
“Bit-stamp” hopes that improving its technology will attract new traders and increase their capacity:
“The new matching engine will be implemented in a few phases, with the first changes taking place in Q1 of 2019 and full implementation expected by the end of Q2. It will allow us to meet any amount of demand and provide a number of additional services without a drop in performance.”
Bits tamp tweeting on the news wrote:
“MATCHMAKING: We partnered with @Cinnober to take our matching engine to the next level:
“Our platform’s order matching speed is expected to become 1250x faster, while throughput will increase by 400x,” – David Osojnik, Bitstamp CTO.”