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Crypto Exchange Platform

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: BTC, ETH, ETC, DASH, BTG, 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

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.

Project in numbers

$100,000 – $150,000
Budget
Jun 2017 – Dec 2017
Period of engagement
Estonia, EU
Client location
6
Team size

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

Customer

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. 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:

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

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.

Also, we built an API so as to streamline sale and purchase operations adopting safety procedures. Now we can program a bot that is able to perform trading in the name of the user automatically and compliant to the predefined logic. Adopting safety procedures means that if a person wants to control the bot and perform operations on their behalf, they must know the API_KEY.
Our developers built a tailored solution powered with HashiCorp Vault so as to store the private keys to the custodial wallets of the exchange. It empowers confidential data protection and excludes third-party involvement.Such cutting-edge technologies as an asynchronous framework AIOHTTP enable high solution operation swiftness.The solution is hugely extensible and ensures a swift application of other tokens or cryptocurrencies.

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