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How Has FTX’s System Evolved in 2022?

In today’s digital world, massively driven by cryptocurrency, it’s hard not to indulge in the crypto world yourself. From NFT projects to major cryptocurrencies being introduced in contemporary businesses and international corporations, and even mainstream platforms, celebrities, and brands evolving their marketing and growth approaches by introducing crypto-based offers and solutions for users around the globe operating the digital world through cryptocurrency – the potential of growth of the crypto world in the Web3 ecosystem has only just begun. 

But what makes this growth potential and approaches smooth following the cryptocurrency algorithm? Yes, the centralized cryptocurrency exchange platforms and their focus on improving with the growing demand for these currencies and their usage in the real world today.

Now, if you’re an avid investor or enthusiast actively involved with the crypto news, you may be familiar with FTX, a centralized cryptocurrency exchange that, like other exchange platforms, serves as an intermediary between cryptocurrency buyers and sellers. 

What’s unique about this platform is its features, services, and consistent push to improve its service. Yes, as 2022 makes it to its last months, FTX is set to improve its matching engine. 

What Can We Expect With This Update?

Here’s the key takeaway of the update announced by FTX in 2022.

  • FTX will release a new order matcher, lower latency API paths, and a boatload of additional goodies in the coming month. These features have been in the works for years and are nearly ready for deployment.
  • With the availability of these functionalities, FTX is expected to see a 2x boost in order throughput and a 50% reduction in a delay starting a month after its release.
  • While the platform is ready to deploy some of its capabilities this month in October and early November 2022, most of the functions will be available by November 21st, 2022, especially when the FTX: V2 goes online.

FTX Overview:

FTX Exchange is a controlled cryptocurrency exchange specializing in derivatives and leveraged goods. It was founded in 2018 by Sam Bankman-Fried, an MIT graduate and former Jane Street Capital international exchange-traded funds trader. This platform provides various trading products like derivatives, options, volatility products, and leveraged tokens. Futures, leveraged tokens, options, MOVE contracts, and spot markets are among FTX’s primary product offerings. FTX is situated in the Bahamas and does not service citizens of the United States, who can instead trade on FTX US. FTX and FTX US are subsidiaries with similar management teams but distinct financing structures. Moreover, while the platform allows exchanging over 300 different currencies and tokens, the FTX US has far fewer offers.

Are you looking forward to this anticipated and prominent launch by FTX? Stay tuned to keep up with what FTX might bring for its community and users. 

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