Neebal's Cryptocurrency exchange platform enables lightning speed trading for extremely high volumes of trades per second via automated algorithmic trading and real-time tracking.

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%.