Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, made a new announcement. Announcing the FTX V2 crypto exchange, which will launch on November 21. The FTX team will introduce a new order matcher function. It will also introduce lower latency API routes and other features. SBF aims to double the trading efficiency of the exchange and halve the transaction latency. Following the development, the whales bought from the exchange’s cryptocurrency FTT token. Here are the details…
FTX CEO’s statement shifts whales’ focus to this cryptocurrency
Sam Bankman-Fried (SBF) posted a series of tweets on Oct. In his tweets, he announced the upcoming improvements to the FTX crypto exchange. He believes that FTX: V2 will be live on November 21 after making a number of improvements. “We plan to roll out some features over the next month. But on November 21, FTX: V2 will be live,” he said. The FTX team has started introducing several improvements to FTX’s matchmaking engine. Improvements include a new order matcher, lower latency API routes, and other vital features. In fact, the developer team has been working on improvements for almost a year.
5) 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.
— SBF (@SBF_FTX) October 10, 2022
SBF says the improvements will double the transaction throughput in FTX. He also believes it will cut the order delay in half. The FTX team asked API traders to stay in touch while watching some improvements. In addition, users will be able to check the final version of the project and improvements during the month on November 21. As we reported on Kriptokoin.com, FTX experienced a server outage in August, with users facing difficulties in processing their transactions. However, Sam Bankman-Fried (SBF), CEO of crypto exchange FTX, did not acknowledge any server outages.
FTT became one of the most purchased
Last week, FTX launched a crypto debit card valid in 40 countries in partnership with Visa. Additionally, FTX acquired the assets of Voyager Digital for approximately $1.4 billion. The FTX Token (FTT) price is currently trading at $23.85, down about 1.6 percent in the last 24 hours. However, FTT remains one of the top tokens bought by Ethereum whales this week, according to Whale Stats data.
Launched by Sam Bankman-Fried in 2019, FTX; Almeda Research is a centralized crypto exchange backed by major trading companies in the industry such as OTPP, Temasek, BlackRock, Coinbase Ventures, and Sequoia Capital. As of 2022, the platform has over one million registered members. The daily trading volume has reached billions of dollars.
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