Sam Bankman-Fried Announced New Upgrades For FTX Crypto Exchange

Sam Bankman-Fried, the Founder of FTX, says that the cryptocurrency exchange will add new features and improve its platform over the next month.

In a series of tweets, Bankman-Fried explains the changes that FTX users will see when the matching engine is updated.

Matching engines are what trading platforms use to match buy orders and sell orders so that trades can be made.

“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.

Between a month ago and then, we should see at least:

a) double the order throughput
b) half the order latency”

Bankman-Fried says that FTX will make the changes slowly over the next few weeks. On November 21, FTX V2 will be released, which will be the end of the process.

“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.

API traders: keep in touch over the month as we preview some of what we’ll be rolling out! And watch for the grand launch on November 21st.”

The upgrades to FTX come as the exchange takes advantage of the crypto winter to buy new companies and make new partnerships.

The exchange just started working with the big payments company Visa to offer crypto debit cards in more than 40 countries. It is also going to buy Voyager Digital, a cryptocurrency broker, for $51 million after a bidding war with Binance.

Bankman-Fried says that the crypto market might be able to get out of its slump if government agencies give it a hand.