Poloniex launches new trading system focused on speed, stability and usability

Cryptocurrency exchange Poloniex has launched a new trading system that improves stability, speed and ease of use for its users.

The new trading system is based on a “next generation” matching engine that has increased the exchange’s order matching speed by 30 times, the exchange said in an August 1 press release.

Poloniex also claims to have increased transactions per second by 10x and reduced latency by more than 5x, adding that it has plans to improve further after launch.

Founded in 2014, Poloniex offers spot and futures trading in approximately 100 countries and territories.

Poloniex has also redesigned its Application Programming Interface (API) to be more user-friendly, faster and offer more functionality.

According to the press release, the new trading system will have higher fault tolerance, allowing other modules to continue functioning if one of the modules fails.

Poloniex also claims the new system will enhance scalability without requiring downtime for upgrades. This represents a significant improvement in our ability to handle increased traffic without compromising stability and user experience.

TRON founder Justin Sun, who invested in Poloniex in 2019, said in a press release:

“As one of the oldest cryptocurrency exchanges in the world, Poloniex has made remarkable progress in system optimization and will continue to provide retailers and professional traders with a great trading experience.”

The new trading system also adds new features such as market orders, stop market orders and candlestick charts. According to the company, the exchange plans to add features such as margin trading, lending, staking, earning functions and trading bots in the future.