Crypto.com announced it has rolled out significant infrastructure upgrades to its Exchange, including a revamped Matching Engine, OMS (Order Management System), and unified REST and Websocket API. The revamp will lead to a 10x increase in performance and throughput, paving the way for an aggressive product roadmap for the rest of 2020, which includes the launch of margin and derivatives trading.
The Crypto.com Exchange launched in Beta last November, which has been one of the key drivers of the company’s rapid overall growth in the past six months, as traders increasingly turn towards cryptocurrencies amidst broader market uncertainties. The new infrastructure significantly improves the overall performance, including:
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- Revamped Matching Engine, Order Management System leading to a 10x increase in performance and throughput
- Unified REST and Websocket API providing ease of adoption for both API platforms, with Websockets allowing clients to create a persistent connection to place orders and trades for high-frequency trading
- Redesigned architecture, improving scalability, security and latency, which paves the way for a powerful and robust risk engine and high leverage margin and derivatives trading
- Addition of high-availability and resilience to every component, increasing stability and eliminating single points of failure
Kris Marszalek, Co-founder and CEO of Crypto.com said: “We launched the Crypto.com Exchange last Fall with a goal of creating a trading platform so secure, liquid and user-friendly that it becomes a natural choice for both institutional and retail customers. We have already seen tremendous traction in the first six months of Beta and will continue rapidly improving our offering to drive continued growth.”
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