BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

FTX Announces Faster V2 Trading Platform To Launch in November

BlockNews Team by BlockNews Team
October 13, 2022
in BUSINESS, CRYPTO, MEDIA
Reading Time: 3 mins read
1
SHARES
10
VIEWS
Share on XShare in TelegramShare on Reddit

In a series of tweets, FTX CEO Sam Bankman-Fried (SBF) announced that the company would update the trading platform’s matching engine in November. The new V2 release of the trading platform is expected to double the order throughput and half the order of latency. FTX developers have been working on the release for over a year. The tweets state an expected release of November 21, 2022, ahead of the U.S. Thanksgiving holiday. 

FTX Evolved

The target of the improvements being released is the matching engine. As well as creating lower latency API pathways and a suite of other features.

Matching engines are used by crypto exchanges, much like other asset trading desks, to match buy and sell orders. This procedure allows users to trade cryptocurrencies with each other on centralized exchanges.

FTX’s matching engine has been complained about by users for a while now. These complaints are regarding the platform’s matching engine’s high latency and low throughput. Latency measures how fast the system can match the buy and sell orders. Thus higher latency means slower trade execution. This could cost users money if profitable trading positions are missed during the matching period.

FTX’s Recent Outage

This announcement comes less than a month after the FTX website crashed, preventing some users from accessing their funds. The event occurred after the release of the U.S. consumer price index (CPI) report in September. During the downtime, the price of Bitcoin dropped below $21,000 and Ether below $1,600 as the market reacted to the high CPI data.

Users with leveraged positions open on their FTX accounts could not make changes during this sharp move in crypto prices. It is estimated that $110 million of liquidations occurred throughout crypto derivatives exchanges when the FTX website was down.

Many upset FTX customers, including the popular crypto twitter trading account HsakaTrades, called out SBF for the outage. As such, some of the responses to SBF’s announcement of V2 included ensuring the platform website would remain stable during times of high market volatility.

It is yet to be seen how the updated matching engine will affect FTX’s trading platform during times of high market volatility. However, if the V2 release can meet its stated goals, it would likely be a positive development for FTX users.

FTX Continues To Grow

FTX is consistently ranked the third largest crypto exchange by volume and has been gaining on its competitor Coinbase for the number two spot. Both, however, trail Binance by a wide margin for the number one spot. The growth is owed to SBF’s strategic vision and a large core developer team that consistently ships updates on the platform.

According to the FTX website, over five million registered users are on the platform. Traders average around $12.5 billion daily trading volume, with a peak of $21 billion in 2021. The company is expected to return $1.1 billion in revenue and is among the most profitable fintech companies in 2022.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BusinessCurrency exchangeFTX
TweetShareShare
BlockNews Team

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News
CHAINLINK

What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News

September 17, 2025
What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight
CRYPTO

What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight

September 17, 2025
Here is Why Experts Predict a 40X Rally for Pepe Coin After $25M Whale Outflow
CRYPTO

Here is Why Experts Predict a 40X Rally for Pepe Coin After $25M Whale Outflow

September 17, 2025
Here is Why SUI Could Soar 200% on Google Cloud Partnership and ETF Buzz
CRYPTO

Here is Why SUI Could Soar 200% on Google Cloud Partnership and ETF Buzz

September 17, 2025
Fed Jerome Powell Cuts Interest Rates by 25 BPS: How Did Bitcoin and Crypto React?
BITCOIN

Fed Jerome Powell Cuts Interest Rates by 25 BPS: How Did Bitcoin and Crypto React?

September 17, 2025
Here is Why Avalanche AVAX Could Hit $56 Soon: ETF Filing Ignites Bullish Optimism
CRYPTO

Here is Why Avalanche AVAX Could Hit $56 Soon: ETF Filing Ignites Bullish Optimism

September 17, 2025
Load More

Related News

What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News

What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News

September 17, 2025
Jerome Powell October Rate Decision Outlook: What to Expect and How it Will Effect You

Jerome Powell October Rate Decision Outlook: What to Expect and How it Will Effect You

September 17, 2025
What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight

What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight

September 17, 2025
Here is Why Experts Predict a 40X Rally for Pepe Coin After $25M Whale Outflow

Here is Why Experts Predict a 40X Rally for Pepe Coin After $25M Whale Outflow

September 17, 2025
Here is Why SUI Could Soar 200% on Google Cloud Partnership and ETF Buzz

Here is Why SUI Could Soar 200% on Google Cloud Partnership and ETF Buzz

September 17, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews