Completes Infrastructure Upgrade of Exchange

Photo by André François McKenzie on Unsplash

HONG announced that it has rolled out significant infrastructure upgrades to its Exchange, including a revamped Matching Engine, OMS (Order Management System), and unified REST and Websocket API.

The firm said the revamp will lead to a 10x increase in performance and throughput, paving the way for an aggressive product roadmap for the rest of 2020, which includes the launch of margin and derivatives trading.

The Exchange launched in Beta last November, which has been one of the key drivers of the company’s rapid overall growth in the past six months, as traders increasingly turn towards cryptocurrencies amidst broader market uncertainties.

The new infrastructure significantly improves the overall performance, including revamped matching engine, unified REST and Websocked API, redesigned architecture, and the addition of high-availability and resilience.

“We launched the Exchange last Fall with a goal of creating a trading platform so secure, liquid, and user-friendly that it becomes a natural choice for both institutional and retail customers. We have already seen tremendous traction in the first six months of Beta and will continue rapidly improving our offering to drive continued growth,” said Kris Marszalek, Co-founder and CEO of

The Exchange is powered by the CRO token and features deep liquidity, low fees, and best execution prices. The Exchange will continue to enhance throughout the remainder of 2020, including launching margin and derivative trading, lending, localized product, and support in multiple languages as well as a revamped rewards program. –