Cryptocurrency exchanges, which don’t have the industrial infrastructure of traditional exchanges such as the New York Stock Exchange or Nasdaq, are under pressure to handle record trading volumes.
Just this month, customers of Kraken, one of the largest crypto-exchanges in the world, experienced delays and connection time-outs triggered by record-high volumes.
Here’s one crypto-trader who took to Twitter Friday to lament about server problems on the exchange.
Kraken is one of the four crypto-exchanges that is set to contribute to the index on which Chicago Mercantile Exchange, the exchange giant, will base its bitcoin futures markets. Bithumb, another exchange that’ll contribute to the index, also experienced a server outage in November.
In a Q&A with Business Insider earlier this week, Kraken CEO Jesse Powell outlined the exchange’s strategy in light of recent developments.
Powell said Kraken is actively hiring to build out a number of units, including one to build tools for high-frequency crypto-traders.
A number of high-frequency traders have plunged into the cryptocurrency market. Business Insider previously reported that Chicago-based DRW, Hehmeyer Trading, and DV Trading are among the firms making markets in cryptocurrencies…