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FTX Releasing Efficiency Enhancements Updates, Sam Bankman-Fried Revealed

By Irene L. | October 13, 2022

Head of crypto exchange FTX Sam Bankman-Fried reportedly disclosed details via a series of tweets that, throughout November, the exchange is going to introduce additional enhancements to its matching engine. 

Specifically, as revealed by the CEO, the exchange is going to release “a new order matcher, lower latency API, and a whole slew of other features” which have been going through the development process for nearly twelve months now. 

The platform is expected to “double the order throughput” and “half the order of latency,” he said.

A two-fold increase in terms of order of throughput will essentially bring down the processing time of trade orders, while halving the order of latency will lower the time delays between when an order is placed and when the transaction is carried out . 

This will effectively bring up transactional speed on the platform and amplifying the chance of placing an order at the displayed price prior to when it changes – a possible perks for traders. 

The CEO additionally stated that the exchange has plans down its pipeline to introduce a few of these functionalities throughout the course of November, with top-tier updates coming out on Nov, 21. 

He also urged API traders to keep in touch over the next month, as the exchange plans to preview some of its new features to be rolled out.

The CEO’s announcement was met with a lukewarm reception on Crypto Twitter, as many community members seemed indifferent about his proposed updates. One user, PliBMind, called on the platform to improve its interface.

Other crypto community members focused more on FTX’s successful bid to acquire Voyager Digital’s assets for $1.4 billion. Twitter user RubesSells responded to the CEO’s announcement by saying: “No direct disrespect to you but I really hope enough of us Voyagers vote no on the deal from the auction. As a voyager shareholder and as a client in crypto, none of this is in our best interest.”

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