One Trading has launched the fastest cryptocurrency trading venue ever, and trading is free.
February 8, 2024
circle trading Pioneer at the intersection of traditional finance and digital asset markets We are proud to announce the launch of a groundbreaking trading venue that sets new standards for speed, efficiency and reliability in the digital asset trading environment.
Next-generation technology and quantitative capabilities
One Trading leverages the cutting edge technology and engineering capabilities of traditional finance to build the fastest digital asset trading venue.
The platform called FAST represents a quantum leap forward in trading technology.
This upgrade makes One Trading the fastest place to trade cryptocurrency assets for round trips around the world. 1,500x faster than previous exchanges and over 100x faster than the largest cryptocurrency trading venues.
Unprecedented low-latency performance
One Trading’s matching and risk engine operates at incredible sub-microsecond speeds.
This ultra-low latency gives clients an unparalleled advantage in price discovery and execution compared to other leading venues currently trading digital assets.
To put this in perspective, a user of One Trading can perform over 200 round trips of price discovery, order creation, and cancellation before the user can place a single order on some of the largest competing exchanges. One Trading’s platform works much faster than other major exchanges.
Independently verified by Amazon Web Services
For comparison, recent official Amazon Web Services (AWS) testing results show One Trading’s FAST achieving less than 74 microseconds round trip.
Round trip even at very high volumes Create and Cancel We reached 112 microseconds. 400,000 orders per second Reduce p95 latency with next-generation AWS network topology.
One Trading’s game-changing technology delivers an average end-to-end trade in just 112 microseconds. This is significantly faster than the 126 microseconds achieved by the London Stock Exchange (LSE) Group’s Turquoise, a leading multilateral trading facility (MTF).
Moreover, One Trading’s risk and matching engine, which operates in less than 1 microsecond, is 1,000 times faster than CME’s global matching engine, which operates in 1 to 3 milliseconds.
The matching engine’s unprecedented 1-microsecond latency remained consistent during 24-hour stress tests, processing 34 billion orders without performance degradation.
Free trading on all pairs
To celebrate the platform launch, One Trading is offering customers free trading on all digital asset pairs.
This initiative is designed to enable investors, large and small, to experience first-hand the benefits of FAST and showcase its capabilities.
Best Traditional Finance and Cryptocurrency Markets
One Trading is committed to bridging the gap between traditional financial markets and digital asset markets.
In pursuit of excellence, One Trading has initiated a regulatory-first approach, applying for a MiFID II trading venue license in the EU to build a suite of derivatives and structured products that can compete with the London Stock Exchange and CME.
One Trading takes another step in preparing to launch its derivatives trading venue.
As regulations evolve, One Trading plans to list both digital assets and traditional financial products and introduce a range of derivatives and structured products with a unique digital asset perspective.
Josh Barraclough, CEO of One Trading, expressed his excitement:
“Our team has worked tirelessly to create a trading venue that redefines speed and efficiency. With FAST, we aim to give our customers an unparalleled advantage in the highly competitive world of cryptocurrency trading.”
One Trading decided to combine the best of traditional finance and cryptocurrency markets into one.
They have designed the world’s fastest and most reliable trading venue, able to mediate among all other venues and provide the best execution path to every customer.
It also pursued a unique regulatory strategy of establishing a full-fledged trading venue rather than the typical broker-only licenses pursued by its competitors.
Introduction to One Trading
One Trading is at the forefront of integrating traditional financial and digital asset markets.
With the launch of FAST, the fastest digital asset trading venue, One Trading is setting a new standard for speed, efficiency and reliability in the digital asset trading environment.
To learn more about One Trading and experience the fastest place to trade digital assets, visit their website or apply for a support ticket.
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Source: https://dailyhodl.com/2024/02/08/one-trading-launches-the-fastest-ever-crypto-trading-venue-and-trading-is-free/
