Bitstamp Integrates New Matching Engine from Nasdaq
Main page News, Tech, Exchange, Cryptocurrency Exchanges

Cryptocurrency exchange Bitstamp has integrated a new matching engine from Nasdaq’s technology vendor arm Market Technology.

According to an official press release that was shared with iHodl, the new engine allows the exchange to meet high levels of demand "even during extreme volume spikes."

Access more than 50 of the world's financial markets directly from your EXEANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

From now on, orders are matched as they are opened, without placing them in a waiting queue, the exchange states.

Nasdaq Crypto Pioneer Increases Bitcoin Mining Power

Nasdaq Market Technology Vice President and Head of EMEA, Andy Green, says with the engine, Bitstamp can continue to bolster their capacity, performance and resiliency.

With the new matching engine, Bitstamp can also match orders up to 1250x faster and increase the platform’s throughput by up to 400 times compared to the previous solution.

"The new matching engine from Nasdaq doesn’t just bolster Bitstamp’s performance, it gives us a great foundation from which to build new features," said David Osojnik, Chief Technology Officer at Bitstamp.

Usually, cryptocurrency exchanges experience high server loads when bitcoin's volatility increase significantly in short time.

In May, the US-based cryptocurrency exchange Coinbase faced technical issues amid massive bitcoin (EXANTE: Bitcoin) price fall just a few days prior to the third halving.

On Sunday, May 10, at 00:15 UTC, the price of bitcoin lost 15% just within several minutes and fell from $9,567 down to $8,081.

Bitstamp Crypto Exchange Relocates to Luxembourg

Bitstamp previously announced it is exploring 24 cryptocurrencies and stablecoins for listing.

The decision is not yet final and requires strict technical, safety and compliance reviews, as well as regulatory approval in certain jurisdictions.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error