Domain:
blockchain, cryptocurrency, finance
Budget:
$1M+
Thanks to a gripping business idea and meticulous, high-quality work on its embodiment, *instinctools team has managed to develop a completely legal and regulated crypto currency exchange service, which embraces the following key features:
A full-fledged Back-end solution with two Front-end client modules for users and administrators
Automated interaction with the user, incorporating exchange rate offers, submission of applications, and deposits and withdrawals
Automatic processing of user data at the verification stage - from the moment the documents are uploaded to KYC procedure and AML check
Redundancy storage of user and transaction data, access control
Unique, ‘from scratch’ design
DevOps:
highly reliable and scalable solution based on Amazon Web Services (AWS)
optimized usage of in-house and rented nodes.
Control panel for the administrator with:
manual and automatic exchange rate management
possibility to choose the rate - the bigger the amount of money you’d like to exchange the lower commission you pay
differentiated work with VISA cards, depending on countries, status, issuing banks
direct work with system crypto wallets
interaction with users in terms of tech support
exporting reports according to the regulator’s and business requests
notification system for the administrator about the work of the service and emergencies
Integrations:
direct integration with blockchains
direct integration with the payment system
refinement of the tech solution on the part of the bank and Bank Processing Center
customized CRM, specifically adapted to meet the regulator’s requirements: integration into the service of the compliance department and integration into customer support
integration with the identification service, including automated document recognition, authentication, export to CRM
integration with services on crypto currency financial control
integration with liquidity providers, which allows to get optimal rates, hedge deals, and balance liquidity
The product created in cooperation with *instinctools combines all the most complex cryptocurrency algorithms and processes in a simple and user-friendly interface. It can be adapted to a specific business model and integrated into any system, which would allow working with cryptocurrency. The development of our own solution let us customize all the service processes to meet the regulator’s most stringent requirements. Moreover, direct integrations with vendors reduce operating expenses and provide a competitive advantage on the market.
This project became a sort of a runway for us, from which we took off to new heights. We improved and expanded our knowledge on work and integration with Bitcoin and Ethereum blockchains and banking payment systems. So we are looking forward to sharing our expertise with customers to help them reach their ambitious goals.