As a result of updating the trading system, the time for matching orders on Poloniex has been reduced by 30 times. Representatives of the crypto exchange told ForkLog about this.
The platform’s throughput increased 10 times, and the waiting time between sending and accepting applications decreased five times.
The exchange also redesigned the API endpoints and expanded the possibilities for algorithmic trading.
The new engine uses a microservices architecture: information about markets, orders, and user assets is processed by independent modules. Thanks to this approach, the failure of one component will not affect the operation of the others.
Microservices support cluster deployment and automatic system scaling. Poloniex employees will be able to distribute the load among the modules in case of a sharp increase in traffic and carry out technical work without stopping trading.
The developers have also added new features to the trading interface:
- market and stop-market orders;
- eight additional timeframes from a minute to a month;
- advanced search by trading pairs;
- access to “selected” tokens for unregistered users.
Poloniex is one of the oldest crypto exchanges in the world. The platform supports spot and futures trading for 400 cryptocurrencies and serves users from all over the world.
We will remind, earlier the co-owner of Poloniex and the founder of TRON Justin Sun said that the platform will continue to hire employees despite the bear market.