A Bitcoin futures and options cryptocurrency exchange called Deribit has launched its new Deribit Perpetual, a trading product that tracks the bitcoin price while allowing cost-effective and well-organized trading. The company claims its trading platform is capable to handle many order requests per second, with a transaction speed of around only a few milliseconds per order.
According to Deribit CEO John Jansen, the company has spent the first half year of 2018 developing and enhancing its infrastructure in order to deal with vast volumes. The company at present has an enormously stretchy distributed infrastructure, where server nodes can be effortlessly added. Every exchange book is simulated on multiple nodes, so if a single node would fail others are standing by to take over.
The continuous product tracks the bitcoin price and lets traders to take their spots without exchanging any Bitcoin. The platform‘s less charge makes it possible for dealers to take huge positions with only a lesser capital expense.
Jansen further added that the company charges fewer fees that are basically kept low by trusting on volume. The Deribit Perpetual was launched in beta in the first week of August 2018 and has already become the most-used product on the exchange and created 50 percent volume increase.
Deribit cryptocurrency exchange charges only 0.075 percent on market orders and pays 0.025 percent on limit orders. Traders can take up to 100 times leverage with what Deribit calls fair liquidation that safeguards the concluding out of a leveraged trade and do not leave the trader unsatisfied.
Deribit is available on the mobile devices (iOS and Android) and web. It has received a good feedback for the mobile app, which is said as the best-functioning mobile trading app by many users. The company is also offering a super fast API that let the trader’s programs and bots to straightaway interface with the trading books.
What’s Next For Deribit?
As per the news published in VentureBeat, Deribit cryptocurrency exchange will soon introduce futures and Perpetual for Ethereum and Bitcoin Cash in the next weeks. Deribit also is the biggest crypto option exchange in the world. The Deribit Perpetual was introduced in beta on August 14, 2018, and is now accessible to the public.
The post Deribit Introduces Cryptocurrency Exchange With Faster Transaction Speeds appeared first on OWLT Market.
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