About the client:

The client is currently one of the leading cryptocurrency exchanges, with 10+ currency pairs available to trade and 100,000+ daily active traders.

Challenges:

• Complex processes: Tedious KYC enrolment and verification process on the cryptocurrency exchange.
• Real-time buying and selling: Buying and selling with Limit & Market order facility.
• Faster trades per second: To create a platform that supports 50,000 trades per second.
• Lack of efficiency: In tracking transaction confirmations on the blockchain.

Solution:

• One step KYC: Simplified user enrollment after using a one step KYC with Banking and 2FA setup.
• High speed trading: Implementation of trading engine that supports FIX protocol and tested with 100,000 trades per second.
• Blockchain monitoring: Real-time monitoring of the blockchain with support for 8 coins and 15 tokens for instant transaction processing.
• API access: Full API access to traders for trading and transfer of currencies for automated algorithmic trading.

Benefits:

• Reduced verification time: The platform’s 1-step verification process integrated during Cryptocurrency Exchange Platform Development helped users sign up and start trading in less than 3 minutes.
• Ultra-fast transactions processing: The trade engine supports ultra-fast transactions and provides the client with a window of up to 100,000 transactions per second.
• Improved efficiency: Compared to other platforms, real-time monitoring of the blockchain has been supported, increasing the platform’s efficiency up to 70%.