Blockchain Luxembourg S.A., the operators of Blockchain.com, a popular bitcoin and blockchain asset wallet, today announced the expansion of its services with the upcoming beta launch of a new bitcoin and cryptocurrency trading exchange platform, called “The PIT.”
To assure reliable trading for The PIT, the Blockchain.com team asserted they have negotiated and secured agreements to provide constant, streaming, actionable liquidity. Traders will have access to 26 trading pairs of fiat-to-crypto and crypto-to-crypto, starting with BTC-USD upon launch.
The company is hosting The PIT exchange out of Equinix LD4, one of the most reliable and lowest-latency data centers in the world. LD4 is the computing infrastructure underpinning many of Europe’s largest global finance, technology, and media companies.
“Last July, we set out to build the fastest matching engine in crypto to ensure that the failed trades and broken markets that plagued the last crypto bull market wouldn’t hold-back traders in the next cycle. We built an all-star team of veterans from NYSE, TD Ameritrade, Google, Goldman Sachs, UBS, Interactive Brokers, and Revolut, to build it from the ground-up. And what we delivered is not only the fastest in crypto by an order of magnitude – we measure in microseconds, not milliseconds – but a matching engine that could go head-to-head against any machine engine in the entire world. So if you’re in the market for $100 or $100K, you can trade when you want, not just when you can.”
– The Blockchain.com Team
Markets Available on The PIT
After the initial launch, the team says it will continuously be reviewing its list of available pairs.