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