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Crypto Exchange Platform

Company Overview

The customer is a brand-new company from Estonia aiming to globalize in the cryptocurrency industry.
They turned to us to build a trading platform that would ensure security and have a user-friendly interface.

Project Overview

The platform will let users trade cryptocurrencies on their behalf and with the API robot assistance. Initially, the platform is to support the following cryptocurrencies: Initially, the platform is to support the following cryptocurrencies:

Bitcoin (BTC)
Ethereum (ETH)
Ethereum Classic (ETC)
Dash (DASH)
Bitcoin Gold (BTG)
Bitcoin Cash (BCH)

Project objectives

Create of a full-fledged product that could be subsequently distributed under a license
Provide a basic functionality since the client funded the whole development with his own money
2-factor authentication
Know your client (KYC) verification
Provide high security of the wallets belonging to the exchange
Crypto platform

Clients goals and requirements

#1
Get reliable and fault-tolerant storage of transactions created by system members;
#2
Protect records from being changed retroactively;
#3
Store instant transactions and user balance status records;
#4
Provide transparency. System participants have access to the history of transactions within a blockage and thus can monitor the system.

The platform features

Cutting-edge user authentication
Diverse encryption types
Cryptocurrency support (BTC, ETH, ETC, DASH, BTG, BCH)
Human experts that control funds origin and track doubtful behavior
UI/UX interface
Documented robot API
High bid processing speed

Solution

To enable identity verification, our developers made integration with Sumsub, an external know your customer (KYC) service. Confidential user information is operated and stored in a secured data center. Our team created an intuitive user-friendly interface with visual components such as TradingView graphs with flexible display settings. To prevent money laundering and enable paramount security, we invited financial, banking, and cryptographic experts who gave advice to our developers.
So, when a person needs to withdraw cryptocurrencies to any external wallet, the request is sent to the back office and a supervisor checks the operation limitations, safety, and legitimacy. Then the supervisor confirms the transaction if it satisfies the criteria.

We built an API to streamline sale and purchase operations by adopting safety procedures. Additionally, we programmed a bot capable of automatically performing trades on behalf of the user, in compliance with predefined logic. To ensure safety, anyone wanting to control the bot and perform operations on their behalf must know the API_KEY.

Our developers built a tailored solution powered by HashiCorp Vault to securely store the private keys to the custodial wallets of the exchange.
This approach empowers confidential data protection and eliminates third-party involvement. Cutting-edge technologies, such as the asynchronous framework AIOHTTP, enable high operational speed. The solution is highly extensible and ensures swift integration of other tokens or cryptocurrencies.





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