CoinChange

Business challenge

This is the platform that allows users to store cryptocurrency, get income from storage in the application, exchange it for fiat currencies.

Country:

USA, Canada

Launch date:

2021

JavaScript

Python

Redis

Postgresql

Gunicorn

Nginx

AWS

Techstack:

Duration:

14 month

RabbitMQ

GitLab CI/CD

Our team was asked to develop a secure crypto trading platform. It should allow making online deposits and withdrawals, exchanging fiat and cryptocurrencies, earning yield by utilizing staking and farming pools.

Solution

User interface

The platform is available as a web app and mobile app both for iOS and Android. This lets us cover a wider audience and provide a seamless user experience.

Deposit & Withdrawal

The functionality for making deposits and withdrawals was made easy to understand and quick to perform. The deposits can be made with bank transfers and crypto transfers. As for the withdrawal, the user can also use bank and wire transfers as well as move crypto to other exchanges and wallets.

Types of Accounts

The user can interact with the platform within a trade account and a high yield account. The trade account lets the user make a deposit with USD or crypto and earn by trading 4 available assets: Bitcoin, Ethereum, USDC and USDT. The high yield account requires only a deposit and lets the user earn yield passively by storing money on the platform.

Sign Up & ID Verification

Coinchange guarantees a secure sign up process, data encryption and safe storage of users’ funds. The user is required to complete Identity Verification to get full access to the platform features.

Business logic

Algorithms in the CoinChange platform allow the purchase or sale of cryptocurrency at a more favourable rate, by connecting to decentralized and centralized exchanges. Platform’s profit is earned by constantly generating new quantum models and bringing them to market.

Our team have created an infrastructure in which capital moves safely. From storage to the exchange, then to various blockchains and all the way back. The whole process is well-established, so in case of emergency all money is quickly transferred to secure storage and trading operations are shut down.

Techstack

Team composition

Results obtained

We delivered a competitive cryptocurrency trading platform that meets the client’s requirements and user demands. After its deployment, the user base and the company itself are expanding, while we continue supporting the platform and bringing great results.

CoinChange in numbers for 2022:

Frontend

JavaScript

Postgresql

Redis

Gunicorn

RabbitMQ

Nginx

Python

Backend

DevOps

AWS

GitLab

CI/CD

2 Front-end Developers

3 Back-end Developers

1 Team Leader

1 QA Engineer

120 K+

active users

10 M+

assets under management

15

third-party providers integrated

20+

developers in the team

TypeScript

React

MobX

Webpack

ReactHookForm

Axios

Storybook

Django

DRF

Celery

EC2

SQS

RDS

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