Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, June 18 2020 - 22:09
AsiaNet
Crypto.com Completes Key Exchange Infrastructure Upgrades
HONG KONG, June 18, 2020 /PRNewswire-AsiaNet/ --

Delivers 10x performance with the new Matching Engine, paving the way for 
margin and derivative features rollout  

Crypto.com today announced it has rolled out significant infrastructure 
upgrades to its Exchange, including a revamped Matching Engine, OMS (Order 
Management System), and unified REST and Websocket API. The revamp will lead to 
a 10x increase in performance and throughput, paving the way for an aggressive 
product roadmap for the rest of 2020, which includes the launch of margin and 
derivatives trading.

The Crypto.com Exchange [https://crypto.com/exchange] launched in Beta last 
November, which has been one of the key drivers of the company's rapid overall 
growth in the past six months 
[https://blog.crypto.com/crypto-com-extends-insurance-coverage-to-360-million-af
ter-securing-100-million-policy-led-by-arch-underwriting-at-lloyds-syndicate-201
2/], as traders increasingly turn towards cryptocurrencies amidst broader 
market uncertainties. The new infrastructure significantly improves the overall 
performance, including:

- Revamped Matching Engine, Order Management System leading to a 10x increase 
in performance and throughput 
- Unified REST and Websocket API providing ease of adoption for both API 
platforms, with Websockets allowing clients to create a persistent connection 
to place orders and trades for high-frequency trading 
- Redesigned architecture, improving scalability, security and latency, which 
paves the way for a powerful and robust risk engine and high leverage margin 
and derivatives trading 
- Addition of high-availability and resilience to every component, increasing 
stability and eliminating single points of failure

Kris Marszalek, Co-founder and CEO of Crypto.com said: "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."

Crypto.com also announced promotional incentives on the Exchange including:

- 0% trading fee for the first 90 days for new users (new) 
- Up to 50% trading fee reduction on all trades for existing users (new) 
- 2% bonus deposit interest rate, applicable to all deposits made to the 
exchange wallet in the first 30 days after the successful sign-up 
- A Special Syndicate BTC 50% off event celebrating Crypto.com's fourth 
anniversary on June 30

The Crypto.com Exchange is powered by the CRO token and features deep 
liquidity, low fees and best execution prices. It offers traders what's lacking 
in the market: competitive pricing, seamless connectivity with the Crypto.com 
App to access the full suite of crypto offerings from Earn, Credit to Payment 
and the confidence they are trading with one of the most trusted brands in 
crypto. The Exchange will see ambitious enhancements throughout the remainder 
of 2020, including launching margin and derivative trading, lending, localized 
product and support in multiple languages as well as a revamped rewards program.

Crypto.com's "Defense in Depth" [https://crypto.com/en/security.html ] approach 
ensures maximum levels of security and privacy across the entire ecosystem, 
giving users and trades the peace of mind their assets and data is protected. 
Crypto.com holds $360M in insurance coverage, and recently became the first 
crypto company to achieve ISO/IEC 27701:2019 certification for privacy.

About Crypto.com

Crypto.com was founded in 2016 on a simple belief: it's a basic human right for 
everyone to control their money, data and identity. With over 2 million users 
on its platform today, Crypto.com provides a powerful alternative to 
traditional financial services, turning its vision of "cryptocurrency in every 
wallet" into reality, one customer at a time. Crypto.com is built on a solid 
foundation of security, privacy and compliance and is the first cryptocurrency 
company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 
and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong 
with a 350+ strong team. Find out more by visiting https://crypto.com.

Photo - https://mma.prnewswire.com/media/1193016/Crypto_exchange.jpg 
Photo - https://mma.prnewswire.com/media/1193017/Crypto_trading_fee.jpg 
Photo - https://mma.prnewswire.com/media/1193018/Crypto_existing_users.jpg 
Logo - https://mma.prnewswire.com/media/888271/Crypto_Logo.jpg 

Source:  Crypto.com