Crypto.com, a cryptocurrency trading platform, announced its plans to extend its services to margin and crypto derivatives trading, challenging the big hotshots in the field, including OKEx, Huobi, and Binance.
The announcement further confirmed the addition of new specs and features to improve the overall scalability, speed, and security of the platform.
The new key infrastructure upgrades include a reduction in fees, 10x faster trading speeds with the introduction of a new matching engine, and an order management system (OMS).
Crypto.com Introduces Crypto Derivatives
Crypto.com launched its beta exchange trading platform at the end of 2019 to cater for crypto traders with a need for speed and security for their funds. The company focuses on different aspects of the crypto ecosystem, including the issuance of crypto debit cards and custody services, but the exchange remains the critical driver of growth.
In a bid to improve the trading experience, Crypto.com added improvements. This included its matching engine – OMS – which has increased the throughput and speed by 10x; unified REST and Websocket API allowing high-frequency trading; and a new redesigned infrastructure to improve scalability, security, and eliminating the single point of failures.
CEO of Crypto.com Kris Marszalek said in response to the new improvements:
“With the enhanced performance of the exchange and new features in the pipeline, we want to eliminate any reason for users to go elsewhere and function as their trusted ‘one-stop-shop’ for their digital asset needs.”
The improvements will culminate with the launch of crypto margin trading and crypto