Because crypto markets move in the blink of an eye, Poloniexthe global cryptocurrency exchange, has released a new API with its new trading system that offers better scalability, usability, and adaptability so traders can stay ahead of the game.
Poloniex provides both HTTP (REST) and WebSocket APIs to market makers, institutional traders and professional traders with improved throughput, lower latency and higher bandwidth to allow them to trade around the clock and 7 days a week without downtime thanks to its new microservices architecture.
Regarding scalability, the new APIs have been redesigned for simplicity and seamless interaction with the new trading system allowing for much better performance. Moreover, the trading level statuses offer different rate limits depending on the needs of the users, which adds more flexibility to the system. Meanwhile, the latency of the whole new trading system is reduced by more than 5 times, which makes the system much more responsive to user requests.
The improved usability of the new API provides a more comprehensive trading experience with an optimized matching service, more order types, faster market data, and a better web and app user experience. Additionally, the new trading system will offer SDKs in Python and Java with support for other languages to come.
Additionally, the new trading system has increased its order matching speed and trades per second by at least 30x and 10x, respectively.
The new trading system is just the beginning, and Poloniex plans to leverage its new platform to offer margin trading, lending, and staking in the future.
For more information on the Poloniex API: https://docs.poloniex.com/#introduction
Poloniex was founded in January 2014 as a global cryptocurrency exchange. With its world-class trading platform and security, it received funding in 2019 from renowned investors, including HE Justin Sun, founder of TRON.
Poloniex supports spot and futures trading as well as leveraged tokens, and its services are available to users in nearly 100 countries and regions with different languages available, including English, Turkish and Vietnamese. .
Disclaimer: This is a paid publication and should not be considered news or advice.