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Building a cryptocurrency exchange platform; Cryptobase
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Project details

Client: Cryptobase

Duration: 3 months

Team Size: 8

Scope: Cryptocurrency exchange platform development

Technologies: Angular

About the client

Cryptobase has decided to expand its business from what it is today to start offering crypto-asset trading services and cryptocurrency liquidity services on the market. Since many other competitors in the crypto industry are beginning to start building their own trading solutions Cryptobase wants to have the first-mover advantage, setting a timeline to launch within 3 months.

To ace, the key competitive advantage in the B2C market is to design an advanced trading terminal whose features outperform the current exchange platform in the marketplace. In order to achieve this milestone, we need a leading exchange platform with the offering of current brokerage analysis and possible business models. In addition to lacking expertise, the challenge was to connect fragmented cryptocurrency capital markets within a single trading terminal.

For the b2b marketplace, the main market requirement was to have deep crypto liquidity from a single vendor.

In order to find a technology partner, the client required a software development company, which had successful development projects both in the field of conventional financial markets such as equities or FX and had the same level of confidence with cryptocurrencies.

Our Solutions:

Devblockex analysed the business models and necessary investments in order to successfully enter retail. and institutional cryptocurrency brokerage markets. To best compete in the cryptocurrency market, we leveraged solutions for the conventional markets and added cryptocurrency specifics.

Devblockex analysed the business models and necessary investments in order to successfully enter retail. and institutional cryptocurrency brokerage markets. To best compete in the cryptocurrency market, we leveraged solutions for the conventional markets and added cryptocurrency specifics.

The idea is mainly to bring order books from multiple crypto exchanges to one platform, in which traders can see the consolidated digital liquidity ladder in one place. The project pipeline includes many tools that will help traders and investors with their trading like smart order routing, spatial arbitrage algorithms, hidden orders, and portfolio analysis tools.

Our exchange platform terminal consists

1. An order-entry widget, charts, tools for technical analysis, etc.

2. A cross-exchange limit order book widget

3. Feature to fetch out inspect details of account balances and portfolio metrics with a consolidated view

4. An ability to route orders to the selected cryptocurrency exchange so as to attain the finest execution (the user may take into account price, depth of the ladder, available funds, etc).

5. Support of up to 10 cryptocurrencies

6. Customer onboarding process

7. Third-party integrations

The purpose of a system was to outfit industry professionals with an enterprise vehicle for efficiently crossing over from smaller marketplaces to one platform, because the liquid marketplace is a way to increase your investment or trading and we can achieve this by our platform.

The B2B solution is a full-fledged margin trading platform, consisting of all integral platform components such as web and mobile terminals, OMS, gateways to cryptocurrency exchanges (Bitfinex, HitBTC, Binance, GDAX and others), risk management monitors, etc.

Result

With the help of Devblockex, the client now has a solution for both B2B and B2C segments.

1. An improved B2C crypto-trading terminal is better than other businesses in the marketplace

2. A crypto platform made for general traders, ready to be tailored to any business's needs.

3. Delivery of the project: two trading platforms for cryptocurrency markets was launched within three months