FTX founder Sam Bankman-Fried lays out upcoming upgrades for the crypto exchange
FTX founder Sam Bankman-Fried says the crypto exchange is rolling out new features and improvements to its platform over the next month.
In a series of tweetsBankman-Fried lays out a series of changes that users will see when FTX updates its matching engine.
Matching engines are what trading platforms use to match buy orders and sell orders to complete transactions.
“We’re going to be rolling out a brand new order matcher, lower latency API paths, and a whole host of other features. These have been in the works for most of the year. They’re almost ready for release.
Between a month ago and then we should see at least:
a) double the order throughput
b) half of the order delay”
Bankman-Fried says FTX will gradually introduce the changes over the next few weeks, culminating on November 21 with the launch of FTX V2.
“We plan to roll out some of the features over the next month. But a bunch will come on November 21, 2022. Then FTX: V2 will be live.
API Traders: Stay tuned throughout the month as we preview some of what we’ll be rolling out! And look for the big launch on November 21.”
FTX’s upgrades come as the exchange uses the crypto winter to make various acquisitions and form more partnerships.
The exchange recently merged with payments giant Visa to offer crypto debit cards in over 40 countries. It is also set to appropriate crypto broker Voyager Digital for $51 million after a bidding war with Binance.
According to Bankman-Fried, the crypto market may be able to break out of the downturn if it gets a helping hand from regulatory agencies.
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