Cinnober has signed a support contract for Bitstamp in Luxembourg. The Bitstamp negotiation system will increase by 1250x, and the total bandwidth will increase by 400x, – as reported on www.bitstamp.net.
Bitstamp will replace TRADExpress’s proprietary tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details technology (a software network developed by Cinnober). According to a post on the Beatstamp blog: "This is an important step in our mission to reduce the gap between cryptographic and traditional finance and will push the technical limits of cryptographic trading even further. We chose Cinnober because of their proven reputation in the global financial markets, their understanding of our vision and the ability to work closely with us to tune the technology to meet our needs."
At the time of publication of the article, the 24-hour trading volume of Bitstamp was over $ 50 million. Probably, Bitstamp hopes that new technological solutions will attract new traders. The message exchanger also noted that the improvement of technology will entail an increase in the "volume" of the exchange.
As founders of the exchange expect: the speed of negotiating the orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details of the platform will be 1250 times faster, and the throughput will increase by 400 times.
Speaking about the introduction of new technology to the exchange, the mechanism of "compliance" will be implemented in several stages. The first changes should occur in the beginning of 2019. Full implementation is expected by the end of the second quarter of next year. According to the Bitstamp team, this will allow to satisfy any demand volume and provide several additional services without reducing the level of performance.
Editor: Yuliya Soroka