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Bitstamp's new upgrade promises speeds 1250 times faster than current engine

05 Nov, 2018
by Arthur Sillers
News
Bitstamp's new upgrade promises speeds 1250 times faster than current engine

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.’

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Read more about:Bitstamp

Poll

Do you believe Bitstamp can make good on these speed promises?

(2 votes)

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"Bitstamp's new upgrade promises speeds 1250 times faster than current engine"

they HAVE TO make KYC process faster!!! not engine..
06 Dec, 2018 - 18:04
It is so funny to read such news! How company with current long withdrawals and harder than exam in Cambridge verification process is going to increase their speed of engine?
07 Dec, 2018 - 16:59
Faster? oh no, you are kidding)
Now the transaction will take not years, but months?)
08 Dec, 2018 - 10:53
I don't understand how people can use the exchange connected with the money fraud and blocking the active accounts with the assets !?
16 Dec, 2018 - 11:53
My account was frozen for unknown reasons, so I don't want to deal with BS anymore.
16 Dec, 2018 - 12:17
They have to stop the accounts frizzing. Knowing that problem, I have no desire to join bitstamp.
16 Dec, 2018 - 12:53
I have been already disappointed by bitstamp. Now I even don't believe it can become a little bit better.
16 Dec, 2018 - 23:21

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