Search Inside Bitcoins

Poloniex unveils new trading system to aid user experience

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.


Join Our Telegram channel to stay up to date on breaking news coverage

Popular crypto exchange, Poloniex has announced the unveiling of its new trading system. The exchange announced the development through its official handle. As revealed, the new trading system will avail global retailers and professional users with higher speed, stability, and usability.

Poloniex has expanded its system’s order matching speed and transaction per second by at least 30x and 10x, respectively. This, as revealed, manifested through its next-generation matching engine. Also, the exchange has lowered its latency by over 5x, with strategies to expand its operation after the launch. Similarly, the exchange’s new API has been redeveloped to facilitate faster performance and more detailed features. 

Notably, the exchange assures all market makers, institutional traders, and professional traders that the trading system will avail more exciting and user-friendly experiences.

A popular Poloniex investor and Founder of TRON, Justin Sun, hinted that the new trading system illustrates Poloniex as a global exchange. He added that the unveiling affirms the exchange’s commitment to delivering first-class services to its users. According to Sun, Poloniex has taken an unprecedented step in modifying its system and will continuously create an incredible trading experience for its users.

As revealed, the new trading system adopts a clustered deployment. It also enables service auto-scaling when there is a significant rise in traffic. The system can also perform swiftly during upgrades without any downtime. This implies the system has ultimately developed its ability to deal with traffic spikes without jeopardizing its quality of service.

Recall that the exchange is renowned for its effective security system. Now, unveiling this trading system will offer more stability to the platform. Reportedly, Poloniex has now incorporated a higher fault tolerance earned by acquiring microservices architecture. These services ensure that other modules function uninterrupted.

The trading system, as observed, possesses numerous trading features to aid traders’ experiences. The features include the market order, the stop-market order, and an improved candlestick chart. Also, its web and mobile app interface are wholly upgraded to avail users with a clearer, more spontaneous, and user-friendly experience. This feature lets users get updates on the dynamic market and strategically plan investments.


Join Our Telegram channel to stay up to date on breaking news coverage

Read next