Client is associated with a financial services company headquartered in the US.
The client wanted to build Cryptocurrency exchange software having strong architecture and backend system. The solution should be secured, offer fair trading and charge lower transaction fees than competitors available in the market. It should broker all popular digital currencies like Bitcoin(BTC), Bitcoin Cash(BCH), Ethereum(ETH), Litecoin(LTC), Ripple(XRP) etc. The Cryptocurrency exchange software should allow users to manage their portfolios, buy & sell cryptocurrency and also exercise digital currency exchange.
The client was in a dilemma and could not determine how to manage the development of suitable software for providing Cryptocurrency exchange services. There was a lack of both domain knowledge and tech expertise. Even, there were concerns regarding long-term post-production support for the solution.
Web Technologies:
Team at WeblineIndia developed a cryptocurrency exchange app and backend, at an affordable cost, that has robust architecture and secure data transfer network to provide the best protection over vulnerabilities and digital theft. Moreover, the solution is efficient enough to provide high performance and attract more and more users to rely on. Our cryptocurrency exchange development solution offers public Blockchain with all popular digital currencies to invest and trade with favorite ones. Crypto Trade Engine has been implemented to provide real-time transactions, very much essential in any Exchange operations.
Key Features:
A cryptocurrency exchange is an online platform where registered users can buy, sell, and trade cryptocurrency. It works similarly to an online brokerage solution, where users can deposit/withdraw fiat currency, use funds to buy/sell cryptocurrency. Users can also do trading over their cryptocurrency for other cryptocurrencies to earn interest on staking cryptocurrency within the exchange platform-based account.
These are some core technical and business challenges of developing and operating cryptocurrency exchange like providing required security, trading support with all different fiat currencies, expensive to mine cryptocurrency, and also not having mainstream adaption.
Robust cryptocurrency exchange development solution shall offer public Blockchain with all popular digital currencies to invest and trade for users. High-performance Crypto Trade Engine needs to be implemented to provide real-time transactions, very much essential in any Exchange operations. The solution should have speed, security, and easy to scale architecture to handle large transactions and upscaling as per need.
The team has to design a highly secure and scalable exchange architecture to handle a large number of real-time transactions with the required speed and safety. It also needs to provide integrations with cryptocurrency wallets and other exchanges to provide the required flexibility to users.
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