Bitstamp Integrates Nasdaq Matching Engine

The oldest European bitcoin exchange Bitstamp has integrated a new Nasdaq order-matching mechanism. The update will increase the platform’s throughput by 400 times, according to the release.

MATCHMAKING: We’ve implemented a new cutting-edge matching engine from @Nasdaq: https://t.co/bxmNRdkxBz ↔️
Bitstamp now runs on infrastructure on par with leading traditional exchanges, allowing us to massively improve performance and easily add new features. pic.twitter.com/D3CgZLR99C

— Bitstamp (@Bitstamp) September 10, 2020

The order-matching engine is the core part of the exchange’s infrastructure, linking buyers with sellers. Until the latest update, Bitstamp used its own matching engine, which developers had been continually updating since the platform’s 2011 launch.

“However the time has come to take a serious step forward. Our new Nasdaq matching engine allows orders to be matched up to 1,250 times faster and increases the platform’s maximum throughput by 400 times,” the statement said.

The mechanism enables Bitstamp to more effectively create and deploy new order types and trading pairs.

“This is a necessary part of the infrastructure that will bring cryptocurrency trading up to par with traditional markets,” the company said.

As a reminder, Bitstamp is exploring the possibility of listing Cardano (ADA), Solana (SOL), Dai (DAI), Polkadot (DOT). The total list includes 23 cryptocurrency assets.

Earlier, the bitcoin exchange integrated the Signet blockchain solution aimed at institutional users.

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