Why low latency is important for cryptocurrency exchanges, explained
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Low latency is essential for high-end cryptocurrency traders, but not all exchanges can offer it. We’ll explore why it’s important and where to find it.
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Voyager Digital Buys European Crypto Exchange Focused on Institutional Investors
Crypto-asset broker Voyager Digital Ltd is buying LGO Markets, a French cryptocurrency exchange focused on corporate investors. The two firms will merge under one brand, Voyager, and their two separate native tokens, VGX and LGO, will also merge.
The deal grants Voyager, a Canadian Securities Exchange-listed (CSE) firm, access to the European retail market through LGO’s Virtual Asset Service Provider licence held with the French financial regulator, industry media reports.
LGO will cease to concentrate on institutional investors on Oct. 31, as it simultaneously assumes the Voyager brand. To complete the acquisition, Voyager will issue one million shares, whose value will, in part, determine the ultimate deal price.
The other part will depend on the value of the merged in-house crypto token, which, according to reports, will feature “decentralized finance functions such as community governance and staking at an initial interest rate of 7%.”
The deal is still subject to regulatory approval. Shares of Voyager fell 2.3% to 0.56 Canadian dollars ($0.43) in CSE trading Friday. The stock is down more than 16% since the news of the acquisition broke out on Oct. 21. Voyager has a market value of $36.5 million.
Voyager chief executive officer, Hugo Renaudin, was quoted as saying:
European clients will be able to access the Voyager app using the LGO regulatory setup in Europe, and both LGO and VGX tokens will be merged into a new token.
He added that the “new token will have more utility”, to the benefit of token holders in the U.S., Europe and elsewhere.
LGO touts itself as a “leading” crypto exchange for institutions, which provides “customizable services, best in class technology, and deep liquidity.” The platform caters to businesses “looking to buy/sell or lend/borrow digital assets.”
What do you think about the merger of Voyager and LGO? Let us know in the comments section below.
The post Voyager Digital Buys European Crypto Exchange Focused on Institutional Investors appeared first on Bitcoin News.
Author: By TeamMMG
Kusama (KSM) Price Tops $27.87 on Major Exchanges
Kusama (CURRENCY:KSM) traded down 0.9% against the U.S. dollar during the one day period ending at 11:00 AM ET on October 24th. One Kusama token can currently be bought for about $27.87 or 0.00212146 BTC on cryptocurrency exchanges. Kusama has a market cap of $236.04 million and approximately $16.75 million worth of Kusama was traded on exchanges in the last day. In the last seven days, Kusama has traded 4.2% lower against the U.S. dollar.
Here’s how other cryptocurrencies have performed in the last day:
Kusama Token Profile
Kusama’s total supply is 9,651,217 tokens and its circulating supply is 8,470,098 tokens. Kusama’s official Twitter account is @kusamanetwork and its Facebook page is accessible here. Kusama’s official message board is forum.kusama.network. The official website for Kusama is kusama.network.
Buying and Selling Kusama
Kusama can be bought or sold on these cryptocurrency exchanges: . It is usually not presently possible to purchase alternative cryptocurrencies such as Kusama directly using U.S. dollars. Investors seeking to acquire Kusama should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Kusama using one of the aforementioned exchanges.
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Author: William Newman
Why low latency is essential for cryptocurrency exchanges, defined
Within the risky world of cryptocurrency, latency turns into much more essential than ever earlier than, as costs can transfer swiftly in a matter of seconds. Moreover, extraordinarily low latency shall be important in bringing institutional cash into these platforms.
The digital nature of cryptocurrency, to not point out the hype and uncertainty that surrounds nearly all of the house, can result in substantial volatility in crypto markets. Just a few seconds could make an enormous distinction in how profitable a technique is. Greater than ever, merchants must know that their trades are being posted as rapidly as attainable.
One other latency situation that customers encounter on cryptocurrency exchanges comes from a scarcity of requirements or uniformity. One change could have nice infrastructure and velocity, whereas others are lagging behind. This could trigger complications, as many merchants work together with a number of platforms, particularly arbitrage merchants who search to make a revenue from value discrepancies throughout totally different markets. These alternatives don’t final lengthy, and having low latency is important to have the ability to capitalize on them.
These points with efficiency don’t solely have an effect on particular person human merchants. The cryptocurrency house is at present being damaged into by institutional traders, and if this development goes to proceed, there must be platforms that may cater to high-end prospects. Establishments are already anticipating the very best and quickest providers, and solely platforms that provide this may be capable of entice their enterprise.
That is partly due to a buying and selling method that’s now turning into broadly used on this planet of digital belongings, generally known as algorithmic trading. Right here, trades are made by computer systems which were programmed to observe particular methods. With people, velocity was already important for being forward of the competitors, however automated trades have pushed this to the intense and given rise to what’s generally known as high-frequency trading, or HFT.
Why low latency is important for cryptocurrency exchanges, explained
In the volatile world of cryptocurrency, latency becomes even more important than ever before, as prices can move swiftly in a matter of seconds. Furthermore, extremely low latency will be essential in bringing institutional money into these platforms.
The digital nature of cryptocurrency, not to mention the hype and uncertainty that surrounds the majority of the space, can lead to substantial volatility in crypto markets. Only a few seconds can make a huge difference in how successful a strategy is. More than ever, traders need to know that their trades are being posted as quickly as possible.
Another latency issue that users encounter on cryptocurrency exchanges comes from a lack of standards or uniformity. One exchange may have great infrastructure and speed, while others are lagging behind. This can cause headaches, as many traders interact with multiple platforms, especially arbitrage traders who seek to make a profit from price discrepancies across different markets. These opportunities don’t last long, and having low latency is essential to be able to capitalize on them.
These issues with performance don’t only affect individual human traders. The cryptocurrency space is currently being broken into by institutional investors, and if this trend is going to continue, there needs to be platforms that can cater to high-end customers. Institutions are already expecting the best and fastest services, and only platforms that offer this will be able to attract their business.
This is partly because of a trading technique that is now becoming widely used in the world of digital assets, known as algorithmic trading. Here, trades are made by computers that have been programmed to follow specific strategies. With humans, speed was already essential for being ahead of the competition, but automated trades have pushed this to the extreme and given rise to what is known as high-frequency trading, or HFT.
Author: by elexonic