Famous for its security and stability for nearly a decade, Poloniex is taking its performance to the next level by announcing its new trading system. With this, the global cryptocurrency exchange aims to provide skilled and global retail users with higher speed, resilience, and practicality.
The new Poloniex system can scale quickly with no downtime required during upgrades with the support of clustered deployment, sharded databases, and auto-scaling. It has immensely improved its capacity to handle traffic spikes without compromising the stability of the service and users' trading experience.
Prominent crypto pioneers such as H.E. Justin Sun have shown great appreciation of the Poloniex platform stating, “The launch of this new trading system is a landmark step forward for Poloniex as a world-class international exchange. It demonstrates our commitment to delivering benefits and the best services for our users.” Many cryptocurrency exchanges have vulnerabilities in their stability and security due to a large amount of in-flow, causing slow execution of transactions. Poloniex, built on a microservices architecture, allows for uninterrupted transactions and faster functionality for traders utilizing its platform.
Market makers, institutional investors, professional and retail traders can access a user-friendly exchange with an order matching speed 30 times faster than before. This increased rate and upgraded user interface may attract further liquidity to the exchange. High fees, difficult-to-use interfaces, and liquidity issues are hallmarks of most exchanges in crypto and traditional equity markets; Poloniex intends to differentiate itself from the current status quo.
Interface upgrades such as improved market and stop market orders and candlestick charts are just a few ways Poloniex creates a better experience for all traders. The web and mobile app interface enhancements deliver a more intuitive, precise, and user-friendly experience, allowing users to keep up to date with the ever-evolving market and strategically plan their next moves.
Poloniex is helping raise expectations of how a great trading platform should look. The platform also has a future vision to add more features, such as margin trading, lending, and staking. A fast, reliable, secure, and liquid exchange that is easy to use for all types of traders is what Poloniex is bringing to life.
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