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Bitstamp has announced partnership with Cinnober, a big provider of tech solutions for the fintech space, in order to update their matching engine.

The CTO of Bitstamp, David Osojnik, said:

“While Bitstamp’s matching engine was already very good by crypto standards, this will put us in the same league as traditional exchanges with decades of experience. Our platform’s order matching speed is expected to become 1250x faster, while throughput will increase by 400x.”

It is said the new engine will be launched in several phases: in Q1 of 2019 and by the end of Q2.

Earlier, Belgium-based investment company NXMH acquired Bitstamp, one of Europe's largest crypto exchanges. NXC, the parent company of NXMH, also owns Korbit, a South Korean crypto platform, and the video game developer Nexon.

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