Crypto Exchange will launch a new application matching engine.

16.10.2022 Off By maestroyuki
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Cryptocurrency Exchange announced the launch of a new application matching engine, which will significantly speed up the process of conducting transactions on the exchange. The company’s own development will be replaced by a product of Cinnober, a global provider of solutions for the financial industry.

Justin Hance, CEO of the exchange, noted that the speed of execution of applications is especially important during such periods of high market activity, such as in December last year.

“The speed of matching applications will increase by 1,350 times, and the throughput will increase by 500. This will allow us to meet any customer requests. Our engine was fast enough and withstood a huge volume of applications in December last year, but now our platform will be even more stable”, he said.

In addition, Justin Hance believes that thanks to the use of the new engine, the attractiveness will noticeably increase for institutional investors.

The implementation of the new engine should begin in the first quarter of this year, and the full integration of the solution is planned to be completed by the end of September.

“Our application matching engine will be no worse than the engines of traditional exchanges. We chose Cinnober because of their great track record in the global financial markets”, said CEO of CexDaoTrade Justin Hance. It should be noted that Cinnober solutions are used by such traditional exchanges as the Australian Stock Exchange (ASX), the Brazilian Stock Exchange B3, the Dubai Gold and Commodities Exchange (DGCX), and others.