Seven months ago, a report by Swapzone suggested that ChangeNOW was among the faster platforms in the non-custodial swap segment. Swapzone’s Speed First: Non-Custodial Swaps outlook 2025, clocked the exchange at a median of roughly 1.8 minutes per swap, placing it among the faster platforms in the sample of eight services evaluated. Its nearest rival, Changelly, trailed at around two minutes. Other platforms recorded longer average swap times in the report.
According to the follow-up report, the difference in average swap times has increased.
Swapzone’s follow-up report, Speed Benchmarks: Non-Custodial Swaps Comparison 2026, draws on 150,000 completed transactions to paint a picture of an industry still struggling with a problem ChangeNOW appears to perform faster than many platforms measured in the report. The market median for a USDT-to-ETH swap currently sits at 45 minutes. ChangeNOW’s median for the same pair: under 60 seconds. The report indicates a significant difference between the platform’s median swap time and the broader market median.
Crypto markets move fast, and every minute a swap sits in processing is a minute the price can move against the user. A trader who locks in a rate and then waits 45 minutes for settlement isn’t trading in the market they thought they were entering. The longer the window, the wider the potential gap between the quoted amount and what actually lands in the wallet.
ChangeNOW’s answer to this has been infrastructure-level. According to the company, its liquidity routing infrastructure is designed to reduce execution time, and by the numbers, it’s working. On high-volume pairs like SOL/USDT and ETH/USDT, the report indicates that the platform often completes swaps faster than several competitors included in the benchmark. have even confirmed the incoming deposit.
—Pauline Shangett, ChangeNOW Chief Strategy Officer
That framing, speed as a trust mechanism rather than just a convenience feature, reflects something real in the data. When a swap closes in 60 seconds, there’s almost no window for the market to move against you. Faster settlement times may reduce the potential for price changes between the quoted rate and the completed transaction.
Source: https://coinpaper.com/15224/report-suggests-change-now-crypto-swaps-may-complete-in-under-a-minute
