Coinbase To Unite Two Scorned Corners Of The Financial Market

May 16, 2018
113 Views


By Mike Cauldwell (https://www.casascius.com/photos.aspx) [Public domain], via Wikimedia Commons

There are few things in finance as feared and reviled and misunderstood as high-speed trading. Cryptocurrencies are one of them, even if Michael Lewis hasn’t written a book about them yet. (Stay tuned: One of his muses has weighed in on the topic.)

Until now, however, there hasn’t been a way to really piss off the Wall Street dads by combining the two, which is to say trading the highly volatile non-existent non-currencies really, really fast. However, if you load your servers into the trunk and drive them to an office in San Francisco, your dreams of sticking it to the man thusly can be realized.

San Francisco-based Coinbase plans to introduce “low-latency performance,” the company said in a blog post, using a term in the exchange industry that means extremely fast processing times.

Coinbase also said it would allow trading firms to place their servers directly in its data center, a practice called co-location….

“The stock exchanges in the equity market were the ‘arms merchants’ that sold speed advantages to HFT so they could be faster than traditional investors,” Mr. Saluzzi said in an email. “It looks like Coinbase wants to be one of the arms merchants for the crypto world.”

Big Bitcoin Exchange Welcomes High-Speed Traders [WSJ]
Steve Eisman of ‘The Big Short’ Bashes Cryptocurrency: ‘I Don’t See the Purpose of It’ [WSJ]



Source link

You may be interested

Kyber Brings Top Ethereum Projects to VR as Next Decentraland LAND Auction Launches – Cryptocoin Spy
Ethereum News
16 views
Ethereum News
16 views

Kyber Brings Top Ethereum Projects to VR as Next Decentraland LAND Auction Launches – Cryptocoin Spy

Editor - December 11, 2018

[ad_1] Kyber Brings Top Ethereum Projects to VR as Next Decentraland LAND Auction Launches  Cryptocoin SpyTwo of the crypto industry's most…

How France ICO VISA System Can Inspire Other Countries
ICO News
20 views
ICO News
20 views

How France ICO VISA System Can Inspire Other Countries

Editor - December 11, 2018

[ad_1]   By David Drake   In October, the French finance minister announced that parliament approved a framework for initial…

Square Surpasses Coinbase as Top Bitcoin Buying App
Coinbase News
18 views
Coinbase News
18 views

Square Surpasses Coinbase as Top Bitcoin Buying App

Editor - December 11, 2018

[ad_1] Recently, Coinbase was passed by Square as the premier Bitcoin buying app, at least on iOS. Square – owned…

Leave a Comment

Your email address will not be published.