thecoinrise.com
On Monday, Sam Bankman-Fried, the CEO of the renowned crypto exchange FTX, revealed the FTX V2 that is set to be launched on November 21 around Thanksgiving. In a series of tweets shared by the executive, he stated:
“We’re planning to roll out some of the features over the course of the next month. But a bunch will come on November 21st, 2022. At that point, FTX: V2 will be live.”
The matching engine for FTX has undergone a number of updates that have begun to go out. According to the announcement, the team will add several amazing features, including a new order matcher and lower latency API pathways to the cryptocurrency exchange.
1) This Thanksgiving:
FTX, Evolved.
— SBF (@SBF_FTX) October 10, 2022
According to SBF, the development team has been working on the upgrades for close to a year. He expects a doubling of order throughput and a halving of order latency on the new version of the exchange.
He urged feedback from API traders while the FTX team explores various improvements. Additionally, viewers will be able to review the final set on November 21 as well as the improvements made throughout the month. He thanked the exchange’s development team by stating:
“Finally, a huge thanks to our growing dev team: turning sleepless nights into higher order throughput and lower API latency.”
FTX continues expansion
As users experienced trouble placing their trades, FTX suffered server outages during the August CPI announcement. SBF, however, turned down any server downtime.
The exchange seem to be immune to the ongoing bear market and the latest example is its collaboration with Visa to offer crypto debit card across 40 nations. Notably, FTX announced a partnership with institutional investment firm Paradigm to provide ease on Futures trading, as TheCoinRise reported. Moreover, the company is negotiating with a number of investors to raise $1 billion, bringing its valuation to $32 billion, as TheCoinRise reported.