Cryptocurrency exchange platform ChangeNOW has announced the successful achievement of an average transaction processing time of under two minutes, highlighting its growth in the rapidly evolving Web3 market.
ChangeNOW's Performance Results
ChangeNOW has reached a significant milestone, reducing the average processing time for cryptocurrencies to less than two minutes, with a median time of four minutes. This platform confirms its reputation as a fast and secure crypto exchange with over 5 million users worldwide.
Significance of Swap Speed for Users
According to a survey of crypto investors in South Korea, 26.8% of respondents noted deposit and withdrawal speed as the most important factor when choosing an exchange. Similarly, in Binance's global user survey, 17.2% cited transaction speed as a key reason for entering crypto. This illustrates that swap speed has become a baseline requirement for users.
Future Developments and Company Plans
According to Pauline Shangett, Chief Strategy Officer at ChangeNOW, transaction speed has become critical for platforms amid rising user and institutional demand. She notes that by 2026, sub-minute swaps could become an industry standard, and the company is actively working to meet these expectations.
ChangeNOW sets a new standard in cryptocurrency swap speed, reflecting changing user preferences and the desire for a high-quality experience on decentralized platforms.
