FTX CEO Announces a New Version of the Exchange

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Crypto derivatives exchange FTX will be updated to the second version on November 21.

According to the platform’s CEO Sam Bankman-Fried, the release includes a “completely new” order matching mechanism aimed at increasing the speed of order execution and reducing delays. The update also aims to improve the API and “many other features.”

He has said:

“We plan to roll out some features over the next month.”

The media reported in August that FTX’s 2021 revenue exceeded $1 billion, about 10 times the previous period’s $90 million.

The trading platform has previously partnered with Paradigm to launch futures spread trading.

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