Jul 27, 2022
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Crypto exchange
Completed

Crypto exchange

$50,000+
more 1 year
Cyprus
10+
view project
Service categories
Service Lines
Blockchain
Software Development
Domain focus
Banking & Financial Services
Programming language
Go
PHP
Rust
Frameworks
Django
Laravel
React.js
Subcategories
Blockchain
Exchange
Smart Contract
STO Development
Wallet Development

Challenge

Goals of the project: Our team was tasked with implementing a trading platform that would allow traders to monitor the current market situation in real time. At the same time, the ready solution had to control and keep the price of the pair within the average market price. It was also important to ensure the necessary liquidity of the market and the fastest possible purchase/sale of currencies. Ultimately, one of the key aspects was the safety and security of users' funds.

Solution

Challenges: The platform created its own cryptocurrency, BTCA, which needed promotion. There was also a difficulty in implementing a resource management system with flexible settings. The functionality had to allow role management, provide easy management of coins and trading pairs. Another important element of the project was the system for picking trades between users. It had to have a function to place different types of orders, both sell and buy.

Results

Implemented a special logic of separation and isolation of individual parts of the project to ensure greater safety and integrity of the project; Introduced a proprietary mechanism of listing new coins and adding currency pairs; Uploaded its own order matching mechanism; Deployed trading robots for internal trading and for interaction with other exchanges to provide liquidity; Implemented admin area with a complex mechanism for role division and limiting the functionality of each role; Provided possibility of P2P translations within the exchanger; Implemented a proprietary secure mechanism for working with reserves via cloud nodes for higher security of exchange reserves; Developed progressive and tiered system of loyalty on the user commissions.