According to CoinDesk, crypto exchange Bitstamp has announced tech upgrades which they claim could multiply speeds by an astronomical 1250 times.
Bitstamp says these changes will come through a partnership with traditional finance market software engine company Cinnober, who is developing a new matching engine, the TRADExpress Trading System, which will replace Bitstamp’s in-house engine.
Bitstamp CEO Nejc Kodrič noted explicitly that the upgrade should bring Bitstamp in line with the speeds of traditional capital marketplaces, a clear signal that the move brings Bitstamp, and with it crypto trading, more into the space of traditional finance. This is not the first news from Bitstamp which positions the exchange as a bridge between crypto and traditional finance, including less than a week ago when Bitstamp was acquired by Belgium-based investment company NXMH.
If the new technology can deliver, Bitstamp will be in a very good position to acquire a lot of the institutional investment capital which many predict is imminently incoming into the crypto space, and Bitstamp seems very optimistic indeed. Their Bitstamp’s CTO David Osojnik said the updgrade would bring Bitstamp’s ‘order matching speed is expected to become 1,250 times faster, while throughput will increase by 400 times. The increased throughput will ensure our platform is able to meet any level of demand’ making sure to brag that ‘our matching engine was already powerful enough to stay online through the massive rally last winter.’