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?

(11 votes)

Add a comment

"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 seems to be a fail.
They are too low, they are nt smart.
Bitstamp become a huge snail these years.
26 Dec, 2018 - 04:33
Bitstamp was always like snail, maybe now even worse
08 Jan, 2019 - 15:41
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
They don`t want to speed it, they can just speak, nothing more
12 Jan, 2019 - 06:13
Faster? oh no, you are kidding)
Now the transaction will take not years, but months?)
08 Dec, 2018 - 10:53
hahah very funny to read it. bitstamp and fast..lol
23 Jan, 2019 - 07:43
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
They blocked my account more that a month ago. still no answer..
21 Jan, 2019 - 07:52
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
They just don`t want to solve the problems. Why should they do it/ users still believe them
20 Jan, 2019 - 08:11
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
I just came here from bitstamp. Guys, slow news day, but they're still sluggish, haha
19 Dec, 2018 - 09:21
Hahash, they are always sluggish, lol
12 Jan, 2019 - 03:09
Oh, lol. Really? They have no speed, even my granny is faster!))
The team is doing well when their users suffer. so ok. that`s their issue.
19 Dec, 2018 - 10:47
These are only promises. Bitstamp will newer do it, because they don`t want to work hard.
20 Dec, 2018 - 23:33
sorry bitstamp but user is rigjt.
team doesn't want to work hard
10 Feb, 2019 - 02:30
It looks like bitstamp will never reach the needed speed.
21 Dec, 2018 - 00:10
ok. it's a good step of BitStamp good job! but..what bout support? why they do not do it faster> their exchange is dying..
29 Dec, 2018 - 16:19
Bitstamp will newer be a fast exchange, lol
08 Jan, 2019 - 04:20
This exchange doesn`t follow promises.
Transactions on Bitstamp are so slow, nothing will help
09 Jan, 2019 - 16:06
Bitstamp is dead we should understand it
13 Jan, 2019 - 19:17
It is a pity but Bitstamp has no future. The team is too small and they have no idea how to develop the trading platform
09 Jan, 2019 - 21:49
bitstamp newer do what they say i dont believe!
18 Jan, 2019 - 11:47
Bitstamp is like a joke, all news is hilarious, nothing to say, nothing to believe
18 Jan, 2019 - 17:09
bitstamp and speed? hahah, very funny:DDDD
22 Jan, 2019 - 09:05
2 months have passed, the speed of Bitstamp hasn't changed yet ....
23 Jan, 2019 - 22:45
Oh c'mon. Bitstamp is dead already. No one uses it
25 Jan, 2019 - 10:41
well actually i didnt notice the improvement of speed lol
weird Bitstamp
25 Jan, 2019 - 22:01
because it was only words. nothing changes on bitstamp even after months of waiting
09 Feb, 2019 - 09:15
lool Bistamp failed this task I believe
28 Jan, 2019 - 15:20
That was a bad joke. Really Bitstamp.
29 Jan, 2019 - 16:28
i am the customer of bitstamp and personally I did not mention any kind of such speed up on the platform. still there are a lot of lags
02 Feb, 2019 - 10:01
haha Bitstamp promises... only promises?
05 Feb, 2019 - 16:18
i trade at bitstamp almost everyday and I did not mention any kind of improvement in speed
11 Feb, 2019 - 09:04

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