Crypto.com is expanding its presence in the cryptocurrency trading scene with plans to offer margin and derivatives trading later in the year. With such lofty goals in mind, the platform has announced a slew of protocol upgrades aimed at improving its performance.
Competition within the crypto derivatives scene continues to intensify as more participants enter the market with features aimed at incentivizing more users in the quest to gain a higher market share.
The expansion in the cryptocurrency derivatives arena is also helping to broaden the scope of digital asset adoption with more investment instruments available to traders.
Crypto.com Promises Enhanced Performance After Upgrades
In a press release shared with Blockonomi, on Thursday (June 18, 2020), Crypto.com announced the completion of several platform upgrades aimed at improving the performance of the cryptocurrency exchange. According to the press statement, the revamped Crypto.com platform comes with improvements in its Order Management System (OMS), Matching Engine, and a unified REST and WebSocket API.
The latter two improvements will allow users to engage in high-frequency trading without any website downtime. The revamped Crypto.com platform also offers greater scalability and security for its customers by eliminating entry points for failure.
Crypto.com says these protocol upgrades will also enable the platform to deliver 10x better performance and operational throughput. Commenting on the improvements made so far, Crypto.com CEO Kris Marszalek, remarked:
“We launched the Crypto.com Exchange last Fall with a goal of creating a trading platform so secure, liquid and user-friendly that it becomes a natural choice for both institutional and retail customers. We have already seen tremendous traction in the first six months of Beta and will continue rapidly improving our offering to drive continued growth.”
Margin and Derivatives Trading on the Agenda
For Crypto.com, the improvements made to the platform…