Trading crypto platform Deribit has conducted speed analysis in order to determine the fastest crypto exchange.
The research was performed with three major exchanges: Binance, Bitfinex, and Coinbase. Deribit has also examined three crypto derivatives exchanges. They were: OKEx, BitMEX and its own platform — Deribit.
One way or another, majority of the exchanges that were examined failed to achieve task in under 10 milliseconds for a majority of observations. OKEx showed the worst figure.
The research stated that on derivatives exchanges such as BitMEX and Deribit, where bitcoin can be traded with up to 100x leverage, "timing was everything."
The results of the research were as follows:
- Binance’s average order execution delay = 37.2 milliseconds, with 0.1% of orders executed within 10 milliseconds & 1.1% taking longer than 1 second.
- Bitfinex’s average order execution delay was 156 milliseconds, with 0%of orders executed within 10 milliseconds & 1.5% taking longer than 1 second.
- BitMEX’s average order execution delay was 1.11%, with 13.4% of orders executed within 10 milliseconds & 20.8% taking longer than 1 second.
- Coinbase’s average order execution delay was 33.0 milliseconds, with 0.2% of orders executed within 10 milliseconds & 0.1% taking longer than 1 second.
- Deribit’s average order execution delay was 6.1 milliseconds, with 89.6% of orders executed within 10 milliseconds & 0% taking longer than 1 second.
- OKEx’s average order execution delay was 127 milliseconds, with 0% of orders executed within 10 milliseconds & 0.2% taking longer than 1 second.
It’s also should be mentioned, that at press time, Bitfinex announced on Twitter the release of the Honey Framework, beginning with an Algorithmic Order Library for “creating custom, complex order types on Bitfinex.”
Today we are happy to announce the release of the Honey Framework, beginning with an Algorithmic Order Library for creating custom, complex order types on Bitfinex.https://t.co/fWCvQnGKNX
— Bitfinex (@bitfinex) October 18, 2018
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