Coinbase Unleashes High-Speed Derivatives Trading Engine

Coinbase has upgraded its matching engine to improve derivatives trading speed and reliability.

The new engine, built by Coinbase Markets X, can process over 100,000 orders per second with sub-millisecond latency.

This upgrade is significant for crypto derivatives markets where milliseconds decide who wins a trade. Luuk Strijers, Coinbase's senior director and head of International Derivatives, noted that 'crypto derivatives markets demand speed, reliability, and the capacity to perform at scale.'

The upgraded engine will power all of Coinbase's derivatives trading products, including perpetual futures, options, and futures.