How the development of a white label crypto exchange with top-level security and limitless customization options allowed our client to partner with one of the largest banks in Eastern Europe and be the first to win users from all EAEU countries.
Domain:
Blockchain, Cryptocurrency, Finance
Budget:
$1M+
Team:
5 Full-Stack Developers, Devops Lead, Project Manager, UX Designer, QA Expert.
Digital assets have become an important part of the global economy. Yet, they still oftentimes function in the grey zone due to the lack of convenient tools within the legal field. Indeed, authorities around the world, including the U.S., have been grappling with the question of how to respond to cryptocurrencies.
This encouraged Whitebird to leverage the situation in their country where blockchain and cryptocurrency activities had been legislated. The idea was to develop an efficient and secure solution, which would allow the users to make cryptocurrency transactions legally and transparently.
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:
Control panel for the administrator with:
Integrations:
Our solution successfully passes the annual audit conducted by Ernst & Young. All the business processes, security and privacy solutions, and our KYC and AML procedures meet all the FATF requirements.
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.
Java 14
Maven
Spring
Spring Boot
Oauth2
Hibernate
OpenFeign
Logback
Dozer
Swagger
Shedlock
Liquibase
ZeroMQ
RabbitMQ
Postgres
Redis
Redisson
JSON-RPC
Github
Front-End:
JavaScript/TypeScript
React (hooks + context)/React (redux, redux-saga)
Axios
Formik
yup
Luxon
React-router
Prop-types
Styled-components
i18next
npm
HTML5
CSS/CSS3
DevOps:
AWS (EKS, EC2, ECR, S3, KMS, SSM, ELB, Web Application Firewall, Global Accelerator, Cloudfront, Route53)
Kubernetes
GitHub Actions
EFK (ElasticSearch, Fluentd, Kibana)
Kops
Grafana
Prometheus
