Sam Bankman-Fried unveils a new version of FTX

FTX will upgrade to version 2 on 21 November, the exchange’s chief executive Sam Bankman-Fried announced.

3) We’ll be rolling out a whole new order matcher, lower latency API pathways, and a whole slew of other features.

These have been in the works for most of the year.

They’re almost ready to release.

— SBF (@SBF_FTX) October 10, 2022

According to him, the release includes a ‘completely new’ order-matching mechanism aimed at increasing the speed of order execution and reducing latency. The update is also intended to improve the API and ‘many other features’.

“We plan to roll out some features over the next month,” the exchange’s chief executive wrote.

In August, media reported that FTX’s 2021 exceeded $1 billion — a figure about ten times higher than in the previous period ($90 million).

Earlier the crypto exchange entered into a partnership with Paradigm to launch trading of futures spreads.

In October, FTX announced the launch of a Visa debit card in more than 40 countries across Latin America, Europe and Asia.

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