Works / Cryptocurrency Exchange Development

Cryptocurrency Exchange Development

Client:
International Cryptocurrency exchange.
Technology:
Spring boot | Java 8 | Angular JS
Services:
Cryptocurrency Exchange Development | Business Analytics Enterprise Application Integration | Web App Development

Cryptocurrency Exchange Development

Challenges:

1

KYC enrollment and verification process on Cryptocurrency Exchange.

2

Real time buy and sell of cryptocurrencies with Limit and Market order facility.

3

Support 50,000 trades per second.

4

High efficiency in tracking transaction confirmations on the blockchain.

Solution

Cryptocurrency Exchange Development- A high speed trading system able to handle high volume trades per second.
One step KYC: Complete 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 to help in instant transaction processing.
Tier based fee calculation: Calculation of fees based on trading volumes and multiple schemes for greater ROI to traders.
API access: Full API access to traders for trading and transfer of currencies for automated algorithmic trading.

The Methodology

Cryptocurrency Exchange Development

Problem Definition

Neebal assembled a team of Blockchain experts and business analysts to survey and understand the problem areas to be addressed in process of Cryptocurrency Exchange Development.

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Key Pain Points

A survey was performed to identify problems faced by cryptocurrency traders on other platforms and this helped identifying the common problems faced in Cryptocurrency Exchange Development.

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Designing the Solution

The solution architect created and introduced a flexible integration mechanism that helped in seamless integration of a multitude of cryptocurrencies. This scalable mechanism is a key to meet the client’s ever-incrementing cryptocurrency integrations.

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Securing The Application

A two factor authentication was implemented to secure cryptocurrency deposits and withdrawals.