Bitstamp Resolves ETH Withdrawals Issue

On February 22, 2018, Bitstamp has reported that it was experiencing delays with ETH withdrawals and deposits, but the issue was successfully resolved
22 February 2018   752

Bitstamp is a Bitcoin exchange based in Luxembourg, which allows trading between USD currency and bitcoincryptocurrency. It allows USD, EUR, Bitcoin, Litecoin, Ethereum, Ripple or Bitcoin Cash deposits and withdrawals.

On February 22, 2018, Bitstamp has reported that it was experiencing delays with ETH withdrawals and deposits, and its support team was investigating the issue.

Bitstamp Ethereum ChartsBitstamp Ethereum Charts

In some time the issue with ETH withdrawals and deposits has been fixed, but Bitstamp stated that it will continue to monitor the situation, and thanked its users for patience.

It is not the first time, when cryptocurrency exchanges undergo some issues which leave users unable to operate with their assets. For instance, we have reported that Bitfinex exchange was under DDOS attack several times, and Bittrex has not been able to let users withdraw money for several months.

Bitstamp to Launch New Matching Machine

New trading system, developed by Cinnober is called TRADExpress
06 November 2018   259

The leading European bitcoin exchange Bitstamp announced its decision to abandon its own trading engine used all these years. It will be replaced by the new trading system of the Cinnober.

According to the Bitstamp report, the TRADExpress trading system will increase the capacity and capabilities of the platform, especially during periods of high volatility.

This is a crucial step on our mission to bridge the gap between crypto and traditional finance and will push the technological frontier in crypto trading a step further.

Bitstamp Team

As the company assures, it chose the Cinnober solution, as the latter has proven experience in global financial markets, shares its vision and has the ability to work closely together in terms of customizing the technology for individual needs.

The launch of the new application matching engine will take place in several stages: the first changes will take place in early 2019, and the full implementation of the solution will be completed in the second quarter.

While Bitstamp’s matching engine was already very good by crypto standards, this will put us in the same league as traditional exchanges with decades of experience. Our platform’s order matching speed is expected to become 1250x faster, while throughput will increase by 400x.

David Osojnik 

CTO, Bitstamp

The decision to change the trading engine was the first major step for Bitstamp after last week the investment company NXMH, based in Belgium, announced the purchase of the exchange.