Cryptocurrency Exchange Platform Development | Case Study

Challenge
Approach
Description
Result

Challenge

Since cryptocurrency exchange platform development is one of our specializations, our team faced a challenging task to develop a secure BaaS solution, allowing cryptocurrency trading with leverage and providing online wallet, onboarding process, crypto and fiat currency exchange, and support of deposits/withdrawals.

Approach

The client approached SCAND for end-to-end cryptocurrency trading platform development. The development of a solution required building a financial service featuring wallets for both crypto and fiat currencies, and e-currency exchanger. The blockchain technology with a transit wallet was chosen to provide a high level of security and ensure instant transactions.

For trading purposes, we developed a trading dashboard, performed integration of our solution with an external trading system and a system with a matching engine, and implemented trading with leverage.

Description

Our solution has two use cases:

1. As a secure wallet for keeping currencies, both crypto and fiat, providing the ability to make exchanges between them, make transfers in a fast and secure way, making deposits and withdrawals.

2. A cryptocurrency trading platform offering the same advantages but extended with a trading dashboard and competitive leverage.

Whatever the use case, the developed solution supports up to 10 cryptocurrencies, including Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Monero (XMR), EOS (EOSIO), Zcash (ZEC), Dash (DASH)

Key Features

A transit wallet
Wallets for crypto and fiat currencies
Exchanger
Support of up to 10 cryptocurrencies
Customer onboarding process
Third-party integrations
Strong encryption
Trading dashboard
Android and iOS support

Result

The platform based on the blockchain ensures a high level of security and instant transactions.

SCAND was engaged in cryptocurrency trading platform development and delivered a modern cryptocurrency trading platform offering leverage, supporting up to 10 cryptocurrencies, and allowing to make both online deposits and withdrawals.