Crypto News

AAX Claims its Exchange Will be ten Times as Fast as Binance

TheMerkle Zodiac Cryptocurrency Exchange

Cryptocurrency exchanges are both a blessing and a curse. Centralized trading platforms are often considered to be slow and unreliable.

If Hong Kong-based startup AAX is to be believed, that situation will change relatively soon. 

AAX has Big Crypto Ambitions

They claim the trading speed of Bitcoin will improve significantly compared to other exchanges. 

All of this will be made possible when a new trading platform launches. It combined the London Stock Exchange Group’s technology to cater to retail and institutional investors alike.

The primary objective of this platform is to remove trading delays whenever possible. The core matching engine, utilized by bourses around the world, should help significantly in this regard.

It is believed the new platform will have a latency of under 500 milliseconds. Binance, the biggest crypto exchange, suffers from delays of up to 0.5 milliseconds. 

AAX Also indicates it aims to list several dozens of cryptocurrency trading pairs. Additionally, they will provide investors with futures contracts.

That latter functionality will only be accessible for major cryptocurrencies. Both Bitcoin and Ethereum futures have been confirmed at this time. 

Last but not least, the startup wants to provide an OTC trading platform. This makes it easier to convert fiat currencies into supported cryptocurrencies.

Competition continues to heat up among cryptocurrency exchanges. Existing platforms need to remain relevant, whereas newcomers often struggle to gain traction.

From a technical point of view, AAX seems to pack quite a punch. Convincing existing traders to switch to this new platform will be a crucial challenge.

The focus on institutional investors may not pay off either. So far, any venture catering to institutional traders has seen little to no real success during the initial stages. 

Image(s): Shutterstock.com

The post AAX Claims its Exchange Will be ten Times as Fast as Binance appeared first on The Merkle Hash.

Related Crypto News

Bitmain Cofounder Allegedly Expelled – Could Face Litigation for Operation Interference
One of the largest ASIC mining manufacturers worldwide, Bitmain, has allegedly ousted cofounder Micree Zhan. Regional reports note that...
Ethereum is Flashing Signs That a Sizable Bull Run is Looming
Ethereum has seen some rather lackluster price action in recent times, hovering around the $200 level as its buyers...
Goldman Sachs Still Doesn’t Know What to Make of Bitcoin
Banks and other financial institutions have never been close friends of Bitcoin and other cryptocurrencies. Goldman Sachs is a...
Bitcoin’s Move Past $9,000 Leaves Wake of Destruction; Liquidates $20m in Shorts
Bitcoin saw a sharp rise overnight that allowed it to firmly surmount the $9,000 region This upwards movement liquidated...
Do Zero-Reserve Loans Make Tether Better Off Backed by Bitfinex Stock?
With the Federal Reserve now allowing US banks to issue loans with zero reserve, is Tether better off backed...
Making ‘money moves’ on Coinbase
You can now top up your balance as you are sending crypto By Paul Katsen, Product Manager Today we’re announcing three...

Featured Crypto News

Digital Currencies Could Threaten US Geopolitical Power, Warns JPMorgan
“There is no country with more to lose from the disruptive potential of digital currency than the United States,”...
Ethereum Could Stage Strong Rally As Double Bottom Pattern Emerges
Ethereum nosedived below the $202 support zone against the US Dollar. ETH price revisited the $192 support and it...
Bitcoin Traders Now Eye $6-7Ks After 4 Failed Attempts to Break $10K
The price of Bitcoin is set to test lower levels as support after numerous attempts to break $10,000 have...
Huobi, OKEx and Upbit Join Top 10 in Messari’s ‘Real Volume’ Revamp
Messari adds 10 new exchanges to its ‘real volume’ metric and overhauls methodology. Crypto data and research platform Messari...
Bitcoin Bulls Defend Against a Drop Below 200-Day EMA; What Comes Next?
It has been a rough day for the benchmark cryptocurrency. After flashing some signs of weakness, Bitcoin briefly dipped...
3 Signs Show Bitcoin on Verge of Macro Upsurge, Making $20k Imminent
After attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as...