Cryptocurrency Trading Platform
API solution to enable cryptocurrency trading across multiple exchanges
A lot of corporate customers, specifically finance institutions, were paying much attention to the cryptocurrency market but at the same time faced a shortage of sufficient and certified tools for trading and money clearance.
The goal of the platform we built was to connect banking services with the world of cryptocurrencies and blockchain technology.
Since the very beginning, cryptocurrency trading was a privilege for individuals and a small number of companies that were able to acquire a license. The market, while being attractive for traders, in many countries is either outlawed or hard to get in.
With not so many certified institutions that provide legal cryptocurrency trading options, business clients often stuck with the limited amount of currencies and features available on each of these trading platforms. In many situations, such restrictions and limitations abolish the benefits of crypto trading market and prevented from utilizing its full potential. One more problem originated from the nature of cryptocurrency - a complete decentralization.
Those, who deal with crypto trading know that rates may vary a lot between exchanges at the same moment. Giving an opportunity for users to buy at Coinbase and sell at Kraken utilizing the best rate could increase the profitability a lot. We happened to bring it into reality.
The platform we developed now provides an API service to financial institutions around the world to enable smooth cryptocurrency trading across major exchanges without a need to open wallets, pass complicated identity verification and be at risk of being prosecuted by authorities. Client segment includes e-money issuers, e-wallets, payment processors, debit card providers, smaller banks, trust companies and other financial entities. Currencies that are available for trading: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Monero (XMR), Dash (DASH), Litecoin (LTC), Ripple (XRP), Stellar/Lumens (XLM), Ethereum Classic (ETC), Augur REP tokens (REP), ICONOMI (ICN), Melon (MLN), Zcash (ZEC), Dogecoin (XDG), Tether (USDT), Gnosis (GNO), and EOS (EOS).
It was built with Amazon AWS as a back-end utilizing serverless architecture and since we paid much attention to security and compliance standards.
The platform is successfully operating for over the year now and can handle thousands of transactions simultaneously.
The API was integrated into IT platforms of financial institutions such as banks and payment processors to open up the cryptocurrency markets to their clients.
The system was built with the security in mind to meet the top security standards.