ChangeNOW has announced a significant achievement in cryptocurrency processing speed. New statistics indicate an average processing time of under two minutes.
ChangeNOW Cryptocurrency Processing Speed
ChangeNOW officially announced that its average cryptocurrency processing time is under two minutes, with a median time of four minutes. This places the platform at the forefront of transaction speed and user experience among non-custodial services in Web3.
Impact of Speed on Exchange Choice
A 2024 survey of South Korean crypto investors showed that 26.8% of respondents ranked deposit and withdrawal speed as the most important factor when choosing an exchange, ahead of liquidity and reputation. Similarly, in a Binance global user survey, 17.2% cited transaction speed as a key reason for entering crypto.
Future of Speed in the Crypto Industry
According to Pauline Shangett, Chief Strategy Officer at ChangeNOW, it is expected that sub-minute swaps will become the industry standard in the near future. She emphasized that "Speed has become mission-critical." The growing demands for user experience have made speed a baseline requirement, especially in cross-chain and payment-focused applications.
ChangeNOW continues to strengthen its position by providing traders with the ability to achieve rapid cryptocurrency processing. Given the rising demands for speed and user experience, further advancements in this area can be anticipated.
