Cryptocurrency investors looking for a trading platform focused on high speed performance just got a brand new option, from a company they probably already know and trust. Popular wallet provider Blockchain.com is launching The Pit.
Institutional-Grade Platform for Retail Investors
Blockchain.com, the well-known provider of cryptocurrency products with over 40 million wallets created to date, has announced it is launching a new microsecond-latency crypto exchange called The Pit. The institutional-grade platform will be available from launch in over 240 markets around the world, including a select number of U.S. states.
The new service is focused on speed, and the company says that after extensive R&D its custom “Mercury” matching engine now delivers faster execution than any other crypto exchange. It is also hosted in one of the fastest and most reliable low-latency data centers in the world (Equinix LD4), promising to offer reliability and performance regardless of market conditions. Additionally, a feature called Blockchain Connect will allow the company’s many wallet users to transfer funds directly to and from their Pit account, all while managing their digital assets through a single provider.
Addressing another concern that many investors have in various markets around the world, the company assures traders that it will never trade against its clients or give itself superior access to the market. “The current crypto exchange market is outdated, broken, and skewed against users. We got tired of waiting for a new entrant to deliver the performance today’s traders demand,” explained Peter Smith, Blockchain CEO. “We decided to take matters into our own hands, and built an exchange that puts users first, including the 40M wallets on our platform.” Read More at Bitcoin .com...