SBF Announces FTX v2 Crypto Exchange To Launch Near Thanksgiving 2022

Sam Bankman-Fried, CEO of FTX, on Monday, announced the FTX V2 crypto exchange, which will go live near Thanksgiving on November 21. The FTX team will introduce a new order matcher, lower latency API pathways, and other features on the crypto exchange. SBF believes it will help double the order throughput and half the order latency on the exchange.

FTX: V2 Coming This Thanksgiving, Says CEO SBF

Sam Bankman-Fried (SBF) in a series of tweets on October 10 announced upcoming improvements to the FTX crypto exchange. He believes FTX: V2 will be live after rolling out a bunch of improvements on November 21.

“We’re planning to roll out some of the features over the course of the next month. But a bunch will come on November 21st, 2022. At that point, FTX: V2 will be live.”

The FTX team has started rolling out several improvements to the FTX’s matching engine. The developments include a new order matcher, lower latency API pathways, and other vital features. In fact, the developer team has been working on the improvements for almost a year. Also, these are now almost ready for release.

SBF believes the improvements will double the order throughput and half the order latency on FTX. He asked API traders to keep in touch as the FTX team previews some improvements. Moreover, users will be able to check the improvements over the month and the final set on November 21.

“Finally, a huge thanks to our growing dev team: turning sleepless nights into higher order throughput and lower API latency.”

FTX suffered server downtime during the August CPI release as users faced difficulty placing their trades. However, crypto exchange FTX’s CEO Sam Bankman-Fried (SBF) turned down any server downtime.

FTX Token (FTT) Token Price

FTX Token (FTT) price is currently trading at $23.82, down nearly 1% in the last 24 hours. However, FTT continues to be one of the top tokens purchased by Ethereum whales this week.

Last week, FTX launched a crypto debit card in 40 countries in partnership with Visa. Moreover, FTX acquired Voyager Digital assets for nearly $1.4 billion. Also, FTX CEO SBF has shown interest in acquiring Celsius assets this month.

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

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