Deribit launches a cryptocurrency exchange with millisecond transaction speeds and low f…

One downside of trading Bitcoin and other cryptocurrencies is the high transaction fees. Another is that long delays while waiting for the transaction to clear can be the difference between winning and losing in such a volatile market.

A Bitcoin futures and options exchange called Deribit has introduced the Deribit Perpetual, a trading product that tracks the Bitcoin price while enabling cost-effective and efficient trading.

The company claims its trading platform is able to handle thousands of order requests per second, with a transaction speed of around only a few milliseconds per order.

“We have spent the first half year of 2018 building and optimizing our infrastructure in order to deal with enormous volumes,” Deribit CEO John Jansen told me. “We now have an enormously flexible distributed infrastructure, where server nodes can be easily added. Every trading book is replicated on multiple nodes, so if a single node would fail others are standing by to take…